On Episode 27 I talk with Kareem Saleh of FairPlay. FairPlay is the first Fairness-as-a-Service solution for fair lending compliance that uses AI-powered tools to help assess a lender’s automated decisioning models which can help not only with fairness but as profits as well. You know, Kareem and I dig into what exactly do they mean when it says Fairness-as-a-Service, the types of fairness and inequalities that they’re trying to fix here, you know, racial, gender, economic, all the above.
We also take a pretty deep dive into bias and since algorithms are inherently created by humans, they’ll have some bias in them and so we dig a bit deeper into that and how they are working to essentially limit bias as much as possible. We also dig into the work that Kareem did prior to being a Founder for FairPlay, you know, he worked with retailers, worked in politics in the Obama Administration and so I think it’s a really fascinating and interesting interview, especially when you dig into some of the stuff going on in financial health and wellness today. So, without further ado, Kareem Saleh of FairPlay, I hope you all enjoy the show.
Kareem’s Journey to FairPlay
The origins of the name FairPlay and how it ties back to the Olympics
What they mean by fairness as a service
Types of fairness they aim to help fix, including gender and racial bias
How to limit bias in algorithms
How fair are AI lending models today?
What lessons Kareem takes from his time in politics
The shifting dynamic of regulators and how different they can be from one administration to the next
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.