Underwrite.ai applies advances in artificial intelligence derived from genomics and particle physics to provide lenders with non-linear, dynamic models of credit risk which radically outperform traditional approaches. Marc Stein, underwrite.ai’s Founder and CEO emphasizes that “Not only can we reach a decision, we can also explain the decision and be fully compliant with the regulations. Underwrite.ai applies advances in artificial intelligence derived from genomics and particle physics to provide lenders with non-linear, dynamic models of credit risk which radically outperform traditional approaches. A longtime entrepreneur and startup CTO, he cofounded the first auction platform for student loans, College Loan Market, a marketplace for equipment leasing, LeaseQ, and ScholarshipWS, the search engine that drives many of the largest […] Pascal BORNET. … They perform AI-powered analytics derived from genomics and particle physics to provide lenders with non-linear, dynamic models of credit risk that radically outperform traditional . The platform provides the user with many visualizations and graphs to understand and explain the results. Below Marc Stein, the founder and CEO of underwrite.ai, is explaining AI techniques that his company uses in credit scoring models. And it takes less than half a millisecond”. This is called machine learning, a type of artificial intelligence. Marc Stein, who runs Underwrite.AI, writes algorithms capable of teaching themselves. “The practical application of using AI to improve consumer credit underwriting is profound,” Stein said. Marc Stein is the founder and CEO of Underwrite.ai and Principal at Artificial Intelligence Capital Management. H2O.ai is transforming the use of AI with software with its … Pascal BORNET AI, Automation & Innovation Leader | Author | Forbes Tech Council | Ex-McKinsey | Top Voice in Tech | 300K+ followers ️ San Francisco Bay Area. Marc Stein, CEO of Underwrite.io, provider of an AI underwriting platform used by several alternative lenders, took issue with this claim. Editor’s Note: This is a guest post from Marc Stein, CEO at Underwrite.ai and Principal at Artificial Intelligence Capital Management. H2O.ai is an open source leader in AI with a mission to democratize AI for everyone. One of the more fascinating presentation at LendIt USA 2017 last week was Marc Stein’s presentation titled “Using AI to improve underwriting.” Stein is CEO and founder of Underwrite.ai. Marc Stein is the founder and CEO of Underwrite.ai. "There's a flaw in this logic: the program doesn't decide on its own," he said. Marc Stein, CEO of Underwrite.ai, told American Banker that engineers can actually design AI solutions to abide by certain regulations. Carin Hill. Marc Stein Founder and CEO at Underwrite.ai North Reading, MA. "The program is constrained by the same regulations as human underwriters. Underwrite.ai was founded in 2015 by Marc Stein based upon his experience developing underwriting systems for companies including JP Morgan Chase (consumer lending), Freedom Debt Relief (debt settlement) and LeaseQ (equipment leasing) over the past 20 years. As the AI system encounters more loans over the course of its operations, it will be able to identify patterns indicative of discriminatory lending behavior. Marc Stein.