The use of machine learning models in underwriting for consumer loans has been around for more than a decade. While fintech clearly took the lead here it has really only been the last couple of years where traditional lenders are engaging with this technology. While these AI/ML models are different from the Generative AI craze that has embraced the business world in the past year, this phenomenon has certainly helped with awareness.My next guest on the Fintech One-on-One podcast is Laura Kornhauser, the CEO and Co-Founder of Stratyfy. Her company is on a mission to enable greater financial inclusion for people while also helping financial institutions better manage and mitigate risk. They do that by implementing their advanced AI models and, of course, through the dedication of their people.In this podcast you will learn:The founding story of Stratyfy.The company's mission and how it has evolved?The different types of financial institutions they work with today.How they differentiate themselves from others in the space.How their UnBias product works.What being transparent means for adverse action notices.What is top of mind for most banks and fintechs today.The types of data their clients are using that are most important.What is involved in implementing Stratyfy into a lender's system.How their AI models have improved over time.How the popularity of AI through ChatGPT has impacted Stratyfy.What it was like raising an equity round in 2023.The biggest challenge Stratyfy is facing today.How AI will continue to improve when it comes to credit and risk decisions.Connect with Laura Kornhauser on LinkedInConnect with Stratyfy on LinkedInConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes