FairPlay is the first Fairness-as-a-Service™ solution for financial institutions. Our AI-powered tools assess your automated decisioning models in minutes to increase both fairness and profits.
Why play fair? Because algorithmic bias is rampant
This is a map of fairness for Black mortgage applicants in 2020. Red indicates regions in which Black applicants were approved at a rate of less than 80% of White applicants. These approval decisions were made by algorithms.
FairPlay’s software answers the following 5 questions:
- Is my algorithm fair?
- If not, why not?
- Could it be fairer?
- What’s the economic impact on my business of being fairer?
- Did we give our declines—the folks we rejected—a Second Look to see if they resemble approved applicants on dimensions our primary decisioning system didn’t heavily consider?