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This Fintech Is Building an AI-Powered Bank on the Cheap — and Trades for Less Than Book Value

This Fintech Is Building an AI-Powered Bank on the Cheap — and Trades for Less Than Book Value
  • LendingClub has been scooping up the technology of bankrupt AI fintech startups.

  • These startups have promising AI technology, but suffered in the rapid interest rate rise since 2022.

  • LendingClub is building a modern, digital AI-powered bank, and its stock is dirt cheap.

  • 10 stocks we like better than LendingClub ›

In the wake of all the economic and interest rate turmoil since the pandemic, some promising young AI fintech start-ups went bust. However, one of the older and…

Article Source
https://finance.yahoo.com/news/fintech-building-ai-powered-bank-180000922.html

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