From Denver to Boston, LA to Austin, today we gathered as a team to celebrate Q2 with, per usual, a whole lot of Zest fun! Each time we come together you can feel the Zest Heart radiate. Exciting updates were shared from our leadership team and we shined the spotlight on our fellow Zesty's who exude our mission and core values! #Heart #Community #Culture #CompanyCulture #GreatPlaceToWork #DreamTeam #FinTech #FairLending #FinancialInclusion #Inclusivity
Zest AI
Financial Services
Burbank, California 56,561 followers
Zest AI technology delivers better, faster, fairer lending across the credit spectrum.
About us
Zest AI makes the power of machine learning safe to use in credit underwriting. Lenders using Zest make better decisions and better loans -- increasing revenue, reducing risk, and automating compliance. Zest AI was founded in 2009 with the mission of making fair and transparent credit available to everyone and is now one of the fastest-growing fintech software companies. The company is headquartered in Los Angeles, California.
- Website
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http://zest.ai
External link for Zest AI
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Burbank, California
- Type
- Privately Held
- Founded
- 2009
Locations
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Primary
3900 W Alameda Ave
1600
Burbank, California 91505, US
Employees at Zest AI
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Jeffrey Bussgang
General Partner and Co-Founder, Flybridge Capital Partners; Senior Lecturer, Harvard Business School
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Stephen Morse
AI | FinTech | Enterprise Sales | Biz Dev
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Dan Chiazza
Chief Operating Officer at Zest AI
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Aaron Long
Helping FIs reimagine lending by using AI & machine learning
Updates
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Meeting regulatory requirements is the bare minimum for fair lending practices. The industry’s real challenge lies in actively choosing the fairest and most accurate underwriting tools that minimize discrimination,in choosing models that not only comply with regulations but also promote fairer lending by focusing on equity, transparency, and ethical decision-making. By prioritizing the pursuit of fairer models, lenders can move beyond mere compliance and towards a more inclusive financial system that serves everyone justly. Embracing this approach will not only enhance the integrity of lending practices but also build trust and fairness in the financial sector, ultimately benefiting society as a whole. Read more in Yolanda D. McGill's latest blog for Zest AI, compliance is great but it takes more to excel in fairness! https://lnkd.in/eF4QshTn #FairLending #FinancialInclusion #AI #MachineLearning #Lending #FinTech #LendingTech #Underwriting #FinancialServices
In the world of #credit underwriting we must use the #technology we have that can enhance both accuracy and equity in lending. Let's strive for a future where fair lending is more than a compliance checkbox, it is fundamental to how we operate and the outcomes we seek to achieve. 👉 Read my latest article to learn more about how we can achieve fairer lending outcomes through advanced AI-underwriting models. https://lnkd.in/edXitj9i #FairLending #EthicalLending #Financial #Inclusion #RegTech #AI #Compliance #LDA #Transparency #EquityInLending
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Before the school year kicks off, Team Zest celebrated a fun-filled Kid’s Day hosted by Dasha de Vere! We had an amazing day of activities from arts and crafts to lunch and a movie to enjoy those last bits of summer with our youngest Zestys. #Culture #Heart #DreamTeam #BestPlaceToWork #FinTech #AI
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Thanks Barry's Bootcamp for welcoming Zesty's from our Burbank office for a fun night of spin followed by team bonding over drinks and good food. The Zest reminder to value mindfulness and fun as we work hard. ❤️ #DreamTeam #Culture #Heart #Community #AI #FinTech #BestPlaceToWork
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Commonwealth Credit Union set out to make better lending decisions and meet increasing demand for a fast, frictionless experience. Since implementing Zest AI's technology, Commonwealth has been able to automate 70-83% of all consumer loan decisions while lending down the credit spectrum and reducing delinquencies. Hear more from Jaynel Christensen, Chief Growth Officer, as she talks about her experience adopting AI-automated underwriting and creating a roadmap for innovation throughout the lending ecosystem. Download the case study to read more about Commonwealth's journey with AI. https://lnkd.in/gvixxx-f #AI #Innovation #MachineLearning #CreditUnions #MemberExperience #FinTech #Technology #Underwriting #FairLending #FinancialInclusion #Lending #Automation #LoanDecisioning
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In skiing, leaning backward increases the risk of falling, while leaning downhill enhances control and reduces risk, no matter how counterintuitive it feels. This analogy perfectly mirrors the lending industry. In Adam Kleinman's most recent blog for Zest AI read more on embracing the power of AI, and redefining risk in lending. https://lnkd.in/gZJuYSZQ #AI #FinTech #Lending #LendingTech
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Working smarter, helping more members! Partnering with Zest AI, Truliant Federal Credit Union has been able to increase their instant approvals and automation 2-3x across their portfolio, and lend more effectively across their diverse communities while still cutting delinquencies. Check out the case study for an in-depth look at Truliant FCU's journey with Zest, including their CDFI-funded initiatives to serve underbanked communities. https://lnkd.in/gnEcshMm C. Anderson Langford #MemberExperience #Innovation #MachineLearning #Lending #LendingTech #FairLending #FinancialInclusion #Underwriting
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Today Team Zest had the privilege in taking part in a very special celebration to honor our friend and colleague, Jose Valentin, on his promotion to the rank of Lieutenant Colonel in the United States Marine Corps. This remarkable achievement, which requires the approval of Congress, is a testament to Jose’s dedication, leadership, and unwavering commitment to serving our country. Join us in this special recap from the day! #DreamTeam #BestPlaceToWork #FinTech #AI #Heart #Community
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Meet Saar Yalov, Zest AI’s rockstar Director of Data Science and runner up Zesty foosball champion! Saar has been an integral part of Zest’s growth. We love his passion for learning and building new things and making an impact. Take a behind the scenes look at our tech team and help us celebrate these exceptional individuals! #FinTech #DreamTeam #Culture #Heart #BestPlaceToWork #Technology #Innovation #AI
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Zest AI CEO Mike de Vere offered thoughts on AI governance at the recent HFSC Subcommittee on Financial Institutions and Monetary Policy hearing chaired by Rep. Barr: “We ask that our leaders promote rules that both protect people and encourage innovation. We ask that compliance and fairness become more than a box to check and that governance uplifts those pursuing fairness as an outcome, not just as a by-product." This theme also emerged from the testimony during yesterday’s HFSC hearing on AI in Financial Services. Without question, there are robust regulations and governance frameworks already applicable to AI/ML usage in the financial services sector, and these existing requirements offer a roadmap for how existing law can be applied to regulated activities transformed by algorithms. ✅ Federal consumer financial law requires notices to consumers about their data to inform them that their data is being used to make decisions. ✅ Permissible uses of consumer data are outlined in the Fair Credit Reporting Act. ✅ Bans on discrimination and a basis for establishing anti-bias approaches flow from the Equal Credit Opportunity Act. ✅ Banking agency third party risk management guidance requires financial service providers to monitor and manage certain activities of third-party vendors, including models acquired through them. ✅ Banking agency model risk management guidance provides a framework for financial institutions and vendors to manage models, primarily through testing and validation. However, it is clear that there is more legislators can do to advance consumer- and compliance-centric utilization of AI/ML in financial services: ✅ Focus on addressing gaps in existing law and public datasets so that (i) applicable law is clear and (ii) the best datasets are not monopolized for the benefit of a few. ✅ Support new credit underwriting/scoring systems that improve on legacy approaches with embedded bias. ✅ Clarify that transparent AI/ML is an accepted tool for use in financial services and for boosting regulatory compliance. #FinTech #Regulation #Data #Underwriting #Fairness #Responsible #Equitable #Purpose #B2B #Innovation #CreditUnion #Bank
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