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ZestFinance Launches ZAML Fair To Bring Fairness to Mortgage Lending
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ZestFinance Launches ZAML Fair To Bring Fairness to Mortgage Lending

ZestFinance Launches ZAML Fair To Bring Fairness to Mortgage Lending

Peter Renton·
FintechNews RoundupUSA
·Mar. 19, 2019·1 min read

ZestFinance, the pioneering artificial intelligence software company focused on credit, has launched a new tool called ZAML Fair that aims to reduce the instances of biases and discrimination in lending; the new tool can work with both traditional linear models as well as most machine learning models to determine if there is inherent biases against protected classes; if applied nationwide ZestFinance said it could remove 70% of the mortgage approval rate gap between Hispanic and white borrowers and 40% between black and white borrowers. Source.

  • Peter Renton
    Peter Renton

    Peter Renton cofounded Fintech Nexus as the world’s largest digital media company focused on fintech before it was acquired by Command. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

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AIdiscriminationfair lending practicesMachine LearningZestFinance
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