Tech startup FairPlay aims to root out lending bias with AI

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by Melissa Lafsky
November 15, 2021 · 1 minute
by: Melissa Lafsky
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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…

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