Jump to content

Sign in to follow this  

Kabbage secures $200M to fuel its AI-based loans platform for small businesses

Recommended Posts

Good for them. Unlike consumer loans where AI cannot be used for legal reasons, Kabbage has many fewer constrains for business loans. And the amount of data going into the AI maw may provide far better results than depending on the limited, FCRA restricted, data from CRA reports and the traditional, "judgment factor' that goes into commercial loans.


There may be issues using this approach if it produces negative disparate impact on protected groups if Kabbage becomes a major player. Consumer lending, FICO scoring, etc. already do a lot of work to prevent disparate impact but teaching a neural network and validating it is something else again.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
  • Create New...

Important Information