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What is FairNow?

FairNow equips organizations with essential AI governance tools to maintain global compliance and effectively manage AI-related risks. The platform’s user-friendly and centralized features have won the approval of Chief Product Officers and Chief AI Officers alike. By continuously monitoring AI models, FairNow ensures that all models maintain fairness, readiness for audits, and compliance with regulatory requirements. Among its standout features are: - Intelligent AI risk assessments that provide real-time evaluations of AI models based on their operational settings, revealing potential risks to reputation, finances, and operations. - Hallucination Detection, which identifies errors and unexpected outputs. - Automated bias evaluations that facilitate immediate assessments and address algorithmic biases as they arise. Additionally, FairNow offers: - An AI Inventory, - A Centralized Policy Center, - Defined Roles & Controls. With its comprehensive AI governance platform, FairNow instills confidence in organizations as they build, procure, and implement AI technologies, paving the way for responsible innovation. This commitment to ensuring ethical AI practices empowers teams to focus on their core objectives while navigating complex regulatory landscapes.

What is Comply Fair Lending?

RATA Associates, recognized as a leading provider of HMDA/CRA solutions in the lending compliance field, made a significant entry into the Fair Lending sector with the launch of Comply Fair Lending in 2004. This all-encompassing software is crafted in alignment with the Fair Lending Examination Procedures set forth by the FFIEC (Federal Financial Institutions Examination Council) and the CFPB (Consumer Financial Protection Bureau), offering an effective and cost-efficient means to evaluate potential risks associated with lending practices. The Comply Suite is distinguished as the most sophisticated, user-friendly, and financially accessible solution for Fair Lending risk evaluation. Additionally, the Comply platform includes a fully customizable scorecard editor, allowing users to adapt existing templates or design new ones from scratch. Each scorecard is interactive, enabling users to explore application data or initiate an automatic file review with a simple click on any cell, which significantly enhances user experience and operational efficiency. This forward-thinking design not only streamlines compliance oversight but also equips lenders to take proactive measures in addressing potential Fair Lending concerns. By prioritizing ease of use and customization, RATA Associates ensures that their clients can effectively navigate the complexities of Fair Lending compliance.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FairNow

Date Founded

2023

Company Location

United States

Company Website

fairnow.ai/

Company Facts

Organization Name

RATA Associates

Company Website

www.rataassociates.com/comply-fair-lending/

Categories and Features

Categories and Features

Compliance

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

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