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

Wharton FinTech Podcast

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How Machine Learning Has Impacted Your Credit Unions?

The company has seen an increase in approvals or yeses to borrows of 25 to 30%. When you compare a machine learning underwriting score versus a traditional like pyco score, your seeing a 26 % increase in overall accuracy. If we think of all an credit union out of ches ther, alabama, they went from automation perspective to auto decisioning at 20% and 90%. That's amazing.

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