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What is Fairplay?

FairPlay has launched an innovative Fairness-as-a-Serviceâ„¢ solution specifically designed for the financial industry. By leveraging cutting-edge AI technologies, we can assess your automated decision-making models in a matter of minutes, aiming to improve both fairness and financial performance. Our offerings include five detailed Fact Sheets that delve into the mortgage equity landscape for female, black, Hispanic, millennial, and baby boomer applicants. In crafting these insights, FairPlayâ„¢ conducted a thorough analysis of publicly available data sourced from the Home Mortgage Disclosure Act Database for the year 2020. Our study concentrated solely on individuals applying for new home purchases, intentionally leaving out those looking for refinancing or lines of credit. We computed the Adverse Impact Ratio (AIR) for every county throughout the United States and broadened our investigation to include AIR values for 20 major metropolitan regions. FairPlayâ„¢ identifies discrepancies in your decision-making frameworks and provides actionable strategies to enhance both fairness and profitability, showcasing to clients, regulators, and the broader community your dedication to equitable practices. By aligning with regulatory requirements, our method fosters greater trust and transparency within the communities you serve, ultimately contributing to a more just financial landscape for all applicants.

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.

Media

Media

Integrations Supported

Azure Content Protection
BuyDRM
Fastevo
StreamProbe

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Custom

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Fairplay

Company Location

United States

Company Website

fairplay.ai/

Company Facts

Organization Name

FairNow

Date Founded

2023

Company Location

United States

Company Website

fairnow.ai/

Categories and Features

AI Lending

Not specified

Loan Origination

Not specified

Categories and Features

AI Agent Security

Not specified

AI Governance

Not specified

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