In 1869, the English judge Baron Bramwell rejected the idea that “because the world gets wiser as it gets older, therefore it was foolish before.”

Using explainable AI models is critical to avoiding bias for enterprises in most sectors of the economy, but especially in finance.

We in the credit union industry recognize there is strength in diversity. We’ve learned to see that diverse viewpoints and life experiences bring wisdom to our organizations and lasting benefits to credit union members.

In an announcement today, Zest AI will be working with The California and Nevada Credit Union Leagues and CUNA Strategic Services to bring Zest’s industry-leading AI lending software to the largest state trade association for credit unions in the United States, serving more than 12.8 million members in their respective states.

Zest AI Named a Strategic Link Partner with the Northwest Credit Union Association and will be offering NWCUA members powerful new risk models tailored to their markets. Zest-built models approve 25% to 30% more loans across all credit products.

many banks and credit unions are apprehensive about deploying AI-based systems in their own institutions. Their concerns are many, but in truth, their concerns are also largely unfounded.