Fairplay.ai: Empowering Fairer, Compliant, and Profitable Lending with AI

Fairplay.ai is a cutting-edge Fairness-as-a-Service™ platform designed for financial institutions to ensure equitable and compliant AI-driven lending decisions. Built for banks, credit unions, fintechs, and specialty lenders, it leverages advanced AI to analyze automated underwriting and pricing models in minutes, identifying and correcting bias with precision. The tool supports regulatory adherence to ECOA, OCC, CFPB, FDIC, SR 11-7, and state guidelines, while enabling real-time monitoring and governance across internal and third-party models. With a mission to 'Build fairer finance,' Fairplay.ai helps organizations increase loan approvals, improve return on investment, and strengthen trust—all without compromising risk tolerance.

Key Features:

• Fair Lending Analysis: Comprehensive evaluation of lending practices for compliance and equity.
• Customer Composition: Insights into demographic distribution of loan applicants and customers.
• Redlining Assessment: Identifies geographic disparities in lending access.
• Proxy Detection: Uncovers hidden proxies for protected classes in model inputs.
• Fairness Optimizer: AI-powered tuning to minimize disparate impacts while maintaining risk accuracy.
• Second Look: Re-evaluates declined loans to uncover qualified applicants overlooked by initial models.
• Real-Time Bias Monitoring: Instant alerts for fairness issues and governance gaps.
• Centralized Model Inventory & Versioning: Streamlines model governance across teams.
• On-Demand Compliance Reports: Easy-to-understand, audit-ready documentation.
• AI-Powered Model Validation: Reduces validation time by up to 80%.
• Demographic Imputation (BISG/BIFSG): Estimates race and ethnicity using names and location data without requiring protected attributes at decision time.
• Proprietary AI Loss Functions: Trains models to balance fairness and risk prediction.
• Interactive and 1:1 Demos: Accessible via guided tours, expert sessions, and live chat support.
• Educational Resources: Includes the Model Validation Field Guide, AI Exam Readiness Handbook, Fair Lending Math, LDA Handbook, Mortgage Fairness Report, and Special Purpose Credit Programs.

Pricing: Fairplay.ai offers a free Model Validation Field Guide and access to interactive demos, with paid solutions available through customized pricing via demo and consultation. The platform operates on a freemium model, providing foundational tools and resources at no cost while advanced features and enterprise support require a subscription.

Conclusion: Fairplay.ai is a transformative solution for financial institutions seeking to future-proof their AI models with fairness, compliance, and profitability—making it an essential partner in responsible, inclusive lending.