Theme
AI underwriting
Lenders and credit-platform companies whose underlying business is replacing FICO-style credit decisioning with machine-learning models.
AI underwriting platforms use machine-learning models to extend credit to thin-file borrowers that traditional FICO-driven underwriting declines. The thesis is structurally on-trend but earnings have proven highly cyclical — funding-market access and securitization spreads can swing results sharply between quarters. Treat as on-thesis but speculative within the fintech bucket.