FairPlay

Smarter AI: Better Decisions

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Description

FairPlay is an advanced AI platform designed for banks, fintechs, and lenders to evaluate and improve the fairness of automated decisioning models. The platform automates bias detection, compliance validation, and audit reporting, enabling organizations to meet strict regulatory standards, reduce manual review times, and increase transparency in lending decisions. With real-time governance and continuous monitoring, FairPlay helps financial institutions proactively manage risk and expand lending opportunities to underserved groups.

By mapping customer demographics, optimizing credit models, and providing easy-to-understand compliance reports, FairPlay streamlines model validation and strengthens responsible AI practices. The platform supports audit readiness, empowers teams to respond quickly to changing regulations, and ensures lending models are both profitable and fair.

Key Features

Fair Lending Analysis: Identify and address tradeoffs between performance and disparity in financial models.
Customer Composition: Gain a comprehensive view of applicant and borrower demographics.
Redlining: Use mapping and statistical modeling to assess geographic fairness.
Proxy Detection: Uncover and de-bias proxies for protected classes in your models.
Fairness Optimizer: Tune models to reduce disparities without increasing risk.
Second Look: Re-evaluate declined applicants to capture hidden opportunities.
Bias and Validation Testing: Identify bias and test model decisions as conditions evolve.
Continuous Model Governance: Track, version, and manage inventories of internal and third-party models.
On-demand Compliance Reports: Instantly generate documentation for audits and regulatory reviews.
Higher Approvals with Lower Risk: Evaluate alternative models to increase approvals while maintaining fairness standards.

Use Cases

Detecting and mitigating bias in lending models
Automated validation of financial AI models
Generating audit-ready regulatory compliance reports
Optimizing lending models for inclusion and profitability
Ensuring fairness in credit underwriting processes
Monitoring AI models for continuous compliance
Identifying and correcting geographic or demographic lending disparities

Frequently Asked Questions

What types of models does FairPlay analyze?

FairPlay can assess internal and third-party AI-driven decisioning models used for lending, credit risk, and fraud detection.

How does FairPlay help with regulatory compliance?

FairPlay automates bias and fairness testing, generates audit-ready compliance reports, and aligns with guidelines such as ECOA, OCC, CFPB, FDIC, and SR 11-7.

What is Fairness-as-a-Service?

Fairness-as-a-Service refers to FairPlay’s ability to deliver fairness assessments and compliance automation as an integrated service for financial institutions.

Can FairPlay automate compliance reporting?

Yes, FairPlay generates easy-to-understand compliance reports on demand, reducing the need for manual audits and accelerating regulatory reviews.

How does FairPlay reduce risk for financial institutions?

FairPlay helps detect bias and governance gaps early, offers continuous oversight, and enables proactive responses to shifting regulatory requirements.