Microsoft Partners With Fintech Startup ZestFinance To Bring Transparency To AI-Powered Financial Models

  • “Microsoft said Wednesday that it is entering a strategic partnership with financial technology startup ZestFinance to make it easier for its financial services customers to adopt AI and machine learning tools.
  • The answer we get with deep learning might be accurate, but in the case of credit applications, that isn’t enough.”
  • What Zest does is to take that technique SHAP (“SHapley Additive exPlanation”) and apply it to financial underwriting so financial institutions can understand why the machine learning model said yes to one credit application and no to another. “Our version is designed to satisfy the regulatory and risk management requirements in financial services,” Merrill says.”

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