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Mike de Vere, CEO of Zest AI -- Making Fair Credit Available to Everyone

Wharton FinTech Podcast

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The Current Credit System Is Failing America

Gabriel: The current credit system is failing America. And it's failing america because we're trying to describe all Americanans by im a couple dozen variables. So at zest we use what's called theapproach called adversary al debising, where our models are trained to find the optima model that optimizes for both fairness and inclusivity. If you look at a teddy floe who comes out as white, even though he's cuban, they've got a 60% improvement on their classifications of whites as protected class citizens. We're able to move an buckin why people have so much trouble getting loans. That's something we're super proud of

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