fair lending

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Fairplay raises $4.5M seed to mitigate AI bias in finances and lending 

Nov 15, 2021By

Despite the appeal and convenience that artificial intelligence has brought to the financial industry, there is still evidence of inherent bias in its algorithms that slow, and even expel, loan approvals for minority cohorts. A way to polish this imperfect system is Fairplay, an AI fairness solution for any company that uses algorithms to “make high stakes decisions about people’s lives.”

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