Path to a Fairer Credit Economy
By Zest AI
June 7, 2021
Income and social inequality have been endemic in the US from its origins. The spring and summer of 2020 sparked historic awareness of racial injustice and disparities in the United States. From citizens to corporate and political leaders, there is a nationwide rallying cry to address the structures that perpetuate these racial and economic disparities.
The good news is that change is at hand. Artificial intelligence and machine learning, when used properly, hold the key to ending racial disparity in credit underwriting while at the same time improving the safety and soundness of American financial institutions.
About Zest AI
Zest AI is a mission-driven software company that helps credit unions and banks answer their most important question: Who do I lend to? Zest’s Model Management System lets lenders break the limitations of traditional credit scores to identify good borrowers overlooked by legacy techniques.
Zest has been on a mission to make fair and transparent credit available to all since 2009 and are pioneers in the safe use of AI in credit underwriting.