ZestFinance Launches ZAML Fair To Bring Fairness to Mortgage Lending

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 is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

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.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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