Using Artificial Intelligence to Open New Lending Markets

18 January 2019

1 p.m. – 2 p.m. EDT

Webinar

Right now, there are around 44 million consumers without a traditional FICO score (sometimes called “Credit Invisibles”) in the United States. Lenders are just beginning to underwrite loans to them using artificial intelligence and alternative data. Add the developing world, and the number of underserved consumers who might be reached with AI shoots up to a billion. In short, this is a huge opportunity. But AI and alternative data pose unique risks, ranging from regulatory compliance, to public acceptance, to credit quality.

Please join the PLI presenter for a presentation that will enable listeners to get the following benefits:

Understand how AI and alternative credit are being used to underwrite loans
Identify key regulatory risks (e.g., ECOA, FCRA) that lenders using AI face
Appreciate the unique model governance and validation challenges that AI poses
Describe how AI may be leveraged to assist secondary market participants to conduct due diligence—e.g., is the paper being offered what it purports to be?

This program is accredited for CLE – Continuing Legal Education.

For more information or to register, contact Robin Hallagan, +1 216 479 8115. There is a cost for attending this PLI program.

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