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About FairPlay AI
FairPlay AI is a California-based fintech company founded in 2020, located in Los Angeles. The company specializes in Fairness-as-a-Service (FaaS) solutions aimed at enhancing algorithmic decision-making in financial services. FairPlay AI focuses on AI governance tools that automate bias detection, model fairness testing, and compliance for lending models.
Their offerings include fairness analysis to detect biases in lending decisions, demographic borrower analysis to assess impacts on underserved populations, and bias mitigation tools that provide insights for improving fairness. They also offer compliance automation to help organizations adhere to fair lending regulations. FairPlay AI has raised $14.5 million in funding, with key investors including JPMorgan Chase and Nyca Partners. The company collaborates with various financial institutions to enhance credit accessibility and ensure ethical AI deployment, led by founder Kareem Saleh and co-founder John Merrill.
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