July 17, 2023
Lending practices have typically been racist, but one fintech firm is aiming to shift that with a powerful new partnership.
Stratyfy, a company that uses AI and machine learning to streamline equitable credit underwriting decisions recently announced that it joined forces with Beneficial State Foundation on its Underwriting for Racial Justice (URJ) program.
The two-year pilot program equips 20 lenders with Stratyfy’s technology to minimize racial bias in assessing credit risk…