This article originally ran in American Banker
As regulatory scrutiny of banks’ lending practices intensifies, one startup is promoting artificial intelligence software aimed at helping banks remove biases built into their automated lending systems.
Kareem Saleh, CEO of FairPlay, says his work over the years with banks on fair lending had left him disillusioned — and motivated him to find a way to undo bad practices.
“Most of the people employed in fair lending compliance don’t actually make the lending practices of their institutions any fairer,” said Saleh…
