RegFi Podcast

Orrick
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Oct 2, 2023 • 27min

AI Underwriting and Explainability with Melissa Koide

In this episode, Jerry Buckley and Caroline Stapleton welcome guest Melissa Koide, CEO of FinRegLab. Melissa discusses her organization’s work in evaluating the explainability of complex machine learning algorithms in credit underwriting, model governance and adverse action notices. The conversation covers the CFPB’s recent guidance on credit denial by lenders using artificial intelligence as well as the role explainability plays in promoting fairness and inclusion in lending, methods and tools emerging for lenders to explain credit-related decisions based on AI models, and the ongoing work required to adapt to the digital economy and evolving regulatory landscape. Links: FinRegLab Website FinRegLab Report: “Explainability and Fairness in Machine Learning for Credit Underwriting” “BankThink: AI could make underwriting a collaboration between bank and borrower” by Jerry Buckley (American Banker) Orrick Financial & Fintech Advisory Practice RegFiPodcast.com
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Oct 2, 2023 • 18min

Welcome to RegFi: Financial Regulation for the Digital Economy

The hosts of RegFi – Orrick partners Jerry Buckley, Sasha Leonhardt, Sherry Safchuk, and Caroline Stapleton – introduce the goals of the podcast and share what they look forward to learning in upcoming conversations with thought leaders at the intersection of financial services, technology and regulation. Links: Orrick Financial & Fintech Advisory Practice RegFiPodcast.com

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