Upstart announced it has joined the Office of the Comptroller of the Currency?s (OCC) Project REACh (Roundtable for Economic Access and Change) to promote financial inclusion through greater access to credit and capital. Since joining Project REACh, Upstart has been focused on the workstream to revitalize small minority depository institutions. Project REACh brings together leaders from the banking industry, national civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal, and fair participation in the nation?s economy. For example, almost 50 million Americans have no credit score, according to the OCC, which is an enormous barrier to getting a traditional loan. Upstart is one of the first companies to apply AI to the multi-trillion dollar credit industry. Upstart goes beyond the traditional score, using more than 1,000 variables to evaluate each application, which helps improve consumers' access to credit. Upstart?s model provides higher approval rates and lower interest rates for traditionally underserved demographics. For 2020, Upstart?s model approved 30% more Black borrowers than a traditional model and provided 11% lower interest rates than a traditional model. The same is true for Hispanic borrowers, despite offering its service only in English. Upstart?s model approved 27.2% more Hispanic borrowers than a traditional model with 10.5% lower interest rates than a traditional model. In order to promote inclusivity, Upstart's personal loan platform is available in Spanish with an end-to-end lending experience in Spanish -- including disclosures, application, loan agreement, customer service, and repayment dashboard.