FinRegLab

It is our pleasure to announce the year’s premier symposium in AI in the financial services industry. The inaugural FinRegLab AI Symposium will take place on November 21, 2024 in Washington, DC. Link Here: https://lnkd.in/gEGwzNZW The Symposium will present a unique perspective. According to FinRegLab research, Machine Learning (ML) could be a powerful AI tool to produce more fair and inclusive outcomes for people’s financial health. If this is a future financial ecosystem we wish to cultivate, we must get its regulation right. In order to be able to realize the advantages ML can offer, it is imperative we host conversations such as this one which include leaders from key consumer advocacy organizations, policy, and technology and financial services companies. We are finalizing our speakers and agenda and have just opened registration. Due to limited space, we are issuing invitations on an individual basis, and invitations are non-transferable. Did we miss getting an invitation into your inbox? Email us at [email protected]. #AI #FinancialServices #FinancialHealth

On Monday, CEO Melissa Koide will be speaking as part of an opening panel on "Streamlining Homeownership: Innovations in Mortgage Technology" as part of the National Housing Conference and ICE Mortgage Technology's Revolutionizing Homeownership event. This panel is not just about the latest tech trends—it's about making homebuying more accessible and simple. Melissa will be joined by Castleigh Johnson, Tim Bowler of ICE, and Dan Binowitz to explore how digital solutions can break down barriers, expand access, and create clearer pathways to homeownership. The discussion will highlight how innovations are bridging gaps between affordable mortgage products, government-backed loans, and private industry to ensure homeownership is within reach for more families. Sign up now to join the virtual event.?https://lnkd.in/g7qSsT5s

It's essential to reflect on the progress made in small business development among Black business enterprises this Juneteenth. We should also consider how innovation can further expand growth opportunities, particularly regarding access to capital. Research indicates that increasing both minority business formation and success rates is a crucial strategy for narrowing racial wealth gaps and reducing their impact on the broader US economy. Our latest report, "From Crisis to Opportunity: Financing for Underserved Small Businesses Since COVID-19," highlights the significant role that technology and data improvements can play in facilitating credit access, particularly for Black and Latinx entrepreneurs and younger and smaller businesses more generally. You can find key insights in the full report, available now:?https://lnkd.in/gnb3cusP Thank you to @Minority Business Development Agency, @Visa, and @Plaid for supporting various aspects of this ongoing research project. #SmallBusiness #Finance #creditaccess #Juneteenth

Last week,?Kelly Thompson Cochran?had the pleasure of participating in Opportunity Finance Network's Small Business Finance Forum, exploring topics such as how AI and other technologies can benefit CDFIs and the communities they serve and?practical implementation issues in mission-based lenders' technology adoption. It was a great event, and we look forward to continued collaboration and innovation in community development finance. #SustainableFinance #SmallBusinesses

Our latest research explores the crucial role of technology and data improvements in expanding credit access for small businesses post-COVID. "From Crisis to Opportunity: Financing for Underserved Small Businesses Since COVID-19" highlights high levels of small business formation, particularly among minority business enterprises, and the critical decisions that lenders will face about adjusting standards and investing in systems improvements as economic conditions continue to evolve. Discover key insights in the full report, available now https://lnkd.in/gnb3cusP #SmallBusiness #Finance #creditaccess

I had such a fun time moderating a conversation about the potential of data and AI to improve financial health and well being outcomes of people and small businesses at the Emerge conference. There's good work underway by Kareem Saleh, Tahira Dosani, Dean Kontul, and thank you Zaan Pirani for getting us ready. Cheers to Financial Health Network and Jennifer Tescher for the landmark work over the past 20, and here's to the next!

Senior Manager of Small Business?Research?Karla Renschler joined Kevin Fryatt, Shauna Yeldell,?and Neysa Cruceta for an engaging discussion on leveraging cash-flow data and technology for underwriting minority businesses as part of the Credit Builders Alliance's annual symposium. We must continue to explore the potential of these innovations to expand inclusion and engage a diverse network of stakeholders to facilitate responsible uptake.

Spend tomorrow's lunch hour with Deputy Director?Kelly Thompson Cochran and?Jos Gheerardyn for an important conversion?on explainability in machine?learning.

It has been wonderful to participate in this week's Project REACh Financial Inclusion Summit to recognize accomplishments from the first four years and discuss future collaboration. We are excited to carry forward these meaningful discussions in Project REACh 2.0 as the co-chair of the Technology Working Group. In this role, we will focus on establishing a shared understanding of safe, responsible, and inclusive practices in the deployment of machine learning in credit underwriting. Read more https://lnkd.in/ecxaRM9q

CEO Melissa Koide is announcing our newest research project at the Office of the Comptroller of the Currency’s REACh Summit in Washington, D.C. today. The groundbreaking empirical analysis will evaluate the impact of machine learning models with and without bank account data on credit access. Our research will focus on providing responsible access to credit for consumers who may struggle to obtain safe and affordable loans. Read more about the project and how these valuable insights may benefit the entire lending ecosystem. #FinancialInclusion #MachineLearning #ResponsibleLending