ReportWire

Tag: algorithmic bias

  • Promise and Peril: AI and Lending | Bank Automation News

    Promise and Peril: AI and Lending | Bank Automation News

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    Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving or denying credit is increasingly being turned over to highly sophisticated neural networks. Compared with the simple logistic regression models still used by many financial institutions, AI models can provide […]

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    Victor Swezey

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  • Splash Financial, FairPlay team up to eliminate decisioning biases | Bank Automation News

    Splash Financial, FairPlay team up to eliminate decisioning biases | Bank Automation News

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    AI solution FairPlay and Splash Financial are teaming up to offer unbiased loan decisioning to the digital lending platform’s network of bank and credit union partners for student and personal loans. Cloud-based FairPlay uses API integration to detect biases within decisioning including pricing, disadvantaged groups and recent decisions that lead to loans being declined, Kareem […]

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    Whitney McDonald

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