The Role Of AI and Data In Ever-Changing Fair Lending Regulations

by DAVIS BROWN PRC Agency

HEXANIKA will be holding a webinar online on 15 September 2021 on "Changing Fair Lending Regulations: The Role of AI & Data" This webinar will highlight challenges, risks, and concerns within the industry in sight of continuously changing fair lending regulations and the key role of AI in keeping up with these changes.

In our Fair Lending education series, we had 2 successful webinars with over 400+ registrants. In our last webinar, we asked our audience, "How automated are your current data processes for fair lending compliance?" The results were rather surprising: only 3.7% of them believe their present data processes are highly automated, while the rest believe they are either manual or semi-automated. These figures show that, despite today's technological advances, people still spend hours upon hours handling data processing for fair lending compliance. Is there a way to deal with this with a limited amount of time and resources?

There is, without a doubt. In our upcoming webinar, "Changing Fair Lending Regulations: The Role of Data and AI," we'll show you how.

Yogesh Pandit, CEO HEXANIKA will be leading the presentation and says this webinar is a chance for people to hear from senior industry leaders on the role of AI and data to keep up with changing fair lending regulations. This is a topic that the audience wanted to hear and here we are, HEXANIKA is coming up with yet another interesting and interactive session. To date, there have been over 500+ registrations, and the number is growing. We're looking forward to another jam-packed session.

Tune in to hear from our panelists Mickey Marshall, Director of Regulatory Legal Affairs, Independent Community Bankers of America® (ICBA); Bob Browne, Strategic Advisor, Tweezzle Corp, Arun Iyer, HEXANIKA. The event will be moderated by Justin Muscolino, CEO, Tweezzle Corp.

At the end of the webinar you will know:

1. How Artificial Intelligence Can Make Bank Loans or Credit Equitable

2. The Risk and Rewards for Lenders for using AI

3. Alternative Data and its Use

4. Government's Take and Future

5. How Banks Can be Prepared

The webinar is a platform where participants will get the opportunity to interact, ask questions live and get information not readily available through other channels.

There also is a whitepaper on "Improving Fair Lending With AI" which covers the above topics in depth.

Get the copy of the whitepaper here: https://hexanika.com/whitepaper-improving-fairlending-with-artificial-intelligence/

Learn more about HEXANIKA: https://hexanika.com/