AI, Lending 3 min read
Powering fairer decisions: How lenders can build more inclusive risk models with FairPlay and Taktile
Key takeaways
Combining FairPlay and Taktile to optimize for fairness with greater speed and control
A closer look at how FairPlay and Taktile enable smarter, fairer decision-making
The future of fairer risk decisions starts here
Algorithms are increasingly responsible for high-stakes decisions that shape human lives: deciding who gets a loan, setting a person’s credit limit, or reviewing flagged transactions.
However, many of these algorithms are built on historical data that can perpetuate, or even worsen, systemic biases against underserved segments such as students, small business owners, and marginalized communities.
In this context, regulatory pressure is on the rise and consumer expectations for fairness are evolving. Now more than ever, lenders need a seamless way to build fairness into the heart of their decision logic to support business growth while expanding financial inclusion.
By combining Taktile’s AI-powered Decision Platform with Fairplay’s Fairness-as-a-Service solutions, risk teams can more easily build systems that are fair by design, ensuring that every decision about a person’s life is accurate and inclusive.
Key takeaways
- Fair lending at scale: Taktile and FairPlay now offer an integrated solution that helps lenders build and deploy inclusive credit models within a single platform.
- Built-in bias detection: FairPlay’s fairness analytics provide real-time bias monitoring, demographic insights, and automatic “Second Look” evaluations to expand access for underserved applicants.
- Audit-ready and regulator-aligned: Credit and risk teams can generate instant fairness reports that support regulatory compliance and reduce the burden of manual audits.
- Seamless implementation: Lenders can now embed fairness workflows and controls into existing credit logic on Taktile without disrupting operations, reducing risk while boosting approval rates.
- Inclusive decisions, smarter growth: Together, Taktile and FairPlay empower lenders to grow responsibly by serving more borrowers without compromising accuracy or control.
Combining FairPlay and Taktile to optimize for fairness with greater speed and control
FairPlay is the world’s first Fairness-as-a-Service™ company built to help lenders improve fairness in credit decisions, reduce bias, and increase approvals - without the added time and risk that come with manual audits.
Now, customers can integrate Fairplay’s fairness solutions directly into their credit policy logic on Taktile, unlocking a more streamlined and automated approach to building, deploying, and monitoring fairness practices in lending decisions.
The combination of Taktile’s real-time decision-making and FairPlay’s fairness solutions aims to empower companies to offer financial products that don’t just serve the easiest-to-underwrite segments but open doors for those who have historically been left behind. Together, we’re excited to help lenders provide financial support to the customers they promise to serve.
A closer look at how FairPlay and Taktile enable smarter, fairer decision-making
By integrating FairPlay’s fairness analytics directly into Taktile’s AI-powered Decision Platform, customers can:
- Detect and mitigate bias across demographic groups
- Launch automated “Second Look” re-evaluations for declined applicants
- Adjust models to improve fairness without compromising accuracy
- Generate audit-ready fairness reports for regulators
This joint solution is ideal for:
- Consumer lenders seeking to improve model fairness without disrupting operations
- Fintechs launching “Second Look” programs to expand access
- Compliance teams preparing for upcoming fairness audits
- Credit risk leaders who want full visibility and control over customer outcomes
In short, risk practitioners can now build, test, and deploy fairer decision logic in the same place they manage the rest of their decision strategy, allowing them to assess and optimize for inclusion with less friction.
The future of fairer risk decisions starts here
As market and regulatory pressures mount, the ability for fintechs to demonstrate fairness is quickly becoming a differentiator. With Taktile and FairPlay, fairness can become a living part of your risk infrastructure, enabling lenders to move the risk industry forward by making smarter, more inclusive, and transparent decisions.
