Blend Labs says AI underwriting gaining traction at Canaccord event

Blend Labs Inc. said on Wednesday that artificial intelligence-driven underwriting is beginning to gain traction in the financial services sector, speaking at the Canaccord Growth Conference.

The company, which provides digital lending and consumer banking technology, noted that AI models are improving risk assessment and reducing processing times for loan applications. While still in early stages, the firm indicated that early adopters are seeing measurable efficiency gains compared with traditional underwriting methods.

Blend Labs did not disclose specific metrics or customer adoption figures during the presentation. The company’s executives emphasized that AI underwriting remains a long-term initiative rather than an immediate revenue driver. They added that regulatory and compliance considerations remain a key focus as the technology evolves.

The remarks come amid broader industry interest in AI applications across financial services, though widespread adoption remains uneven. Blend Labs’ comments suggest cautious optimism about the technology’s potential, while acknowledging the challenges of scaling AI-driven solutions in a heavily regulated environment.

The company did not provide updates on its financial performance or guidance during the conference.