Pathward Partners With FairPlay to Enhance Algorithmic Decisions

FairPlay announced a customer relationship with Pathward. Pathward will leverage FairPlay's technology to advance its analytical capabilities—driving efficiency through automation and software while promoting financial inclusion. The partnership exemplifies Pathward's ongoing collaboration with industry leaders to create innovative and responsible financial products and solutions.

FairPlay, a leader in fairness innovation for financial services, empowers banks, fintechs and score providers to optimize lending practices and achieve regulatory compliance through cutting-edge analytics. FairPlay's Fairness-as-a-Service solutions equip lenders to identify and mitigate bias, turning compliance into a competitive advantage and improving outcomes for consumers.

"We're pleased to partner with FairPlay, a market leader in regulatory compliance for credit decisioning," said Executive Vice President, Chief Technology and Product Officer at Pathward, Charles Ingram. "The three-year partnership provides Pathward with a cloud-native software solution that refines our analytical capabilities related to fair lending and creates efficiency through new tools and automation. We're optimistic the technology will contribute to making the financial network accessible to more consumers and businesses."

"Pathward is one of the pillars of the Banking-as-a-Service ecosystem," said Kareem Saleh, CEO of FairPlay. "With this partnership, FairPlay and Pathward will be working to make financial services more inclusive, innovative and safe."

This partnership will accelerate FairPlay's mission of building fairness infrastructure for the Internet, thereby creating greater safety for consumers. It also can improve operational efficiency, reduce risk, and allow Pathward and FairPlay to support one another's shared goals of creating greater access to financial services for more people and businesses.

Source: FairPlay media announcement