Pagaya closes $450M auto resecuritization, a first for AI-driven lending

Three years ago, institutional investors took a leap of faith when they purchased bonds backed by auto loans that an algorithm had selected. Now Pagaya Technologies is asking them to do it again, with the very same loans. The Israeli-founded, New York-headquartered fintech announced on Monday that it has closed a $450 million auto resecuritization […] This story continues at The Next Web