Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in expanding lending opportunities due to the inherent risks of algorithmic bias and regulatory compliance in AI-driven credit risk modeling. Without robust oversight, AI systems can perpetuate financial exclusion and create unfair lending practices.
Solution
qalitAI provides AI validation and AI-enabled cash flow underwriting services designed to enhance lending capabilities while ensuring fairness and compliance. Our AI Verification service offers human oversight for existing AI underwriting models to detect and mitigate discriminatory impacts, adhering to regulatory standards like OCC Supervisory Letter 11-7 and the EU AI Act. For institutions without existing AI systems, we facilitate the adoption of AI strategies through our AI-enabled cash flow underwriting, ensuring a trustworthy and oversight-ready approach. This dual offering empowers financial institutions to innovate confidently, broaden their lending reach, and promote financial inclusion.
Target Audience
Our primary customers are financial institutions, including banks and credit unions, looking to leverage AI for credit risk assessment while ensuring regulatory compliance and equitable lending.
Features
- AI Validation service for human oversight of existing AI underwriting models to identify discriminatory impacts.
- Compliance assurance with OCC Supervisory Letter 11-7 and the European Union AI Act (Chapter III, Sec. 2, Article 14).
- AI-enabled cash flow underwriting for institutions seeking to implement AI strategies in a compliant manner.
- Focus on mitigating algorithmic bias and promoting fair lending practices.
- Facilitates expansion of lending opportunities by ensuring AI models are oversight-ready.