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      "text": "Quarterly Static Pool Delinquency and Charge-Off Rates",
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      "text": "v3.0 Enhanced Member Risk Segmentation",
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      "text": "Improvements in our 28 Day Delinquency Rate have tracked our static pool 121 Day Charge-Off Rate, which reached a new low of 1.21% for the most recent quarterly vintage which has fully developed to 121+ days (i.e. 1Q24).",
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      "text": "3Q24 28 Day Delinquency Rate improved 64bps YoY, while originations grew by 46%; sequentially, delinquency rates improved 25bps. CashAI™ continues to improve its ability to separate credit risk as it has analyzed nearly 115mm ExtraCash™ originations since inception.",
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      "text": "ExtraCash's short duration allows us to manage credit risk exposure and observe impacts of underwriting changes within weeks of implementation.",
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      "text": "CashAI™ is differentiated as it uses bank account transaction data to assess risk, allowing us to detect, nearly in real-time, changes in income, spending, and employment. FICO-based credit decisions rely on lagged bureau data which we believe was artificially inflated by fiscal stimulus.",
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      "text": "Throughout 2Q24 we rolled out our v5.0 underwriting model which is trained on more than 2X more AI variables than were used to train our prior model, which bodes well for future performance. Credit performance has remained strong in 4Q which we expect to continue in part due to impacts from this v5.0 model.",
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      "text": "Note: See Glossary for the definition of Quarterly Average 28 Day Delinquency Rate and 121 Day Charge-Off Rate",
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