Stratyfy, the ethical AI company, is pleased to announce the appointment of Deniz Johnson as the company’s Chief Operating Officer. Ms. Johnson has been a member of Stratyfy’s Advisory Board since 2019. As a FinTech thought leader, Ms. Johnson is passionate about the responsible use of AI and ML in regulated industries to both drive business value and increase inclusivity.
"We’re taking young ideas, young problems, ideas that haven’t even completely matured yet, but we know there’s something there, we know, there’s a problem to be solved. In the case of Stratyfy, it’s about an example of unconscious bias — these are areas that need focus. And you start combining those with AI and some other components, and you want to accelerate those ideas."
"Outdated credit risk assessment models lead financial institutions to reject too many good applicants and introduce unintended bias that results in reputational damage and lost revenue. Stratyfy's industry-agnostic decisioning engine enables analysts to better understand decisioning and detect bias, leading to fairer lending to more people." Point72 Ventures' Shriner said.
“The [...] companies selected for the fifth year of FIS’ Accelerator program bring a wealth of promising ideas and technologies,” FIS Chief Growth Officer Asif Ramji said. “We look forward to working with these firms to bring their ideas to life.”
Corona-sponsored collaboration: a platform for predicting the financial risks of private companies in times of crisis.
The Israeli fintech company Investesta has developed a platform designed for risk assessment for stakeholders in small and medium-sized private companies. But with the outbreak of the corona crisis and the economic recession that came with it, things changed. To adapt to the changes, Investa has partnered with Stratyfy.
Stratyfy and Innovesta Technologies are teaming to offer a truly transparent machine learning solution that will dramatically improve the way enterprises assess the risk and opportunity of non-public companies.
NYU Stern alumna Elizabeth Elting (MBA ’92) has donated $2 million to EFL to provide investment funding for promising ventures featuring women in leadership positions or women-centric businesses that have successfully completed the program and awarded funding i.a. to Stratyfy this cycle.
Recognized as a leading innovator in the finance industry, Stratyfy helps banks and insurers make better risk-based decisions. Stratyfy's products allow companies to combine their institutional knowledge with powerful data tools. Importantly, Stratyfy has developed a way to detect and mitigate unwanted bias in its customers' decision systems, something other advanced approaches have not been able to do effectively.
Understand what the AI by opening the black-box
At the Summit, speaker Laura Kornhauser, co-founder of Stratyfy, described how explainable AI can be used to try and open the black-box, doing so to derive a logic-based means to understand what the AI is doing. By enabling an explainable AI capability, the otherwise mathematically opaque paths can be examined by human stakeholders.