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Ep524: Addressing unfairness and algorithmic bias in lending models
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Kareem Saleh, CEO & Co-Founder, FairPlay
Fairness as a Service is a new concept being championed by FairPlay, with the aim of reducing algorithmic bias for people of colour, women, and other historically disadvantaged groups. Using artificial intelligence (AI) to identify bias in lending models, the idea is to identify more good borrowers – typically people who would otherwise be turned down for credit as a result of bias. This summer, the company announced a $10 million Series A funding round. Robin Amlôt of IBS Intelligence speaks to Kareem Saleh, CEO and Co-Founder of FairPlay.
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