Women-led fintech utilizes responsible innovation and AI to increase access to financial services for underserved borrowers disadvantaged by traditional underwriting

Stratyfy EVP of inclusive credit to speak at the 2023 AFC Policy Summit on November 14 in Washington, D.C.‍

Washington, D.C. (November 7, 2023) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, has announced that Stratyfy has become its newest member. Stratyfy, a pioneering women-led fintech company that confronts bias in AI and optimizes credit risk decisions with transparent machine learning solutions will join the fast-growing association.

“At AFC, we pride ourselves on promoting a transparent, inclusive and customer-centric financial system – values at the very core of Stratyfy’s ethos,” said Phil Goldfeder, CEO of the American Fintech Council. “By leveraging transparent AI and machine learning solutions, Stratyfy is already expanding access to more inclusive credit, while helping our nation’s financial institutions make knowledgeable risk decisions. We’re excited to welcome Stratyfy to our growing group of AFC members fostering responsible innovation in financial services.”

As a member of the AFC, Stratyfy will help further the overarching goals of the council, including championing responsible innovation in financial services and encouraging sound public policy to better serve underserved consumer segments and geographies.

“Stratyfy is proud to join an association whose fundamental mission aligns so closely with our own,” said Laura Kornhauser, CEO and co-founder of Stratyfy. “Our work centers on expanding access to capital for those who have been historically disadvantaged in financial services and advocating for the transparent, responsible use of AI and machine learning in credit lending decisions. By pairing our ongoing efforts to propel financial inclusivity with the AFC’s vast network of like-minded innovators in the field, we’re confident that our future is bright.”

In addition, AFC also announced that Shannan Herbert, Executive Vice President of Inclusive Credit at Stratyfy will speak at the AFC Policy Summit on November 14th in Washington, D.C. This Summit convenes leading fintech companies, policymakers, regulators, academics and consumer advocacy groups to exchange insights and discuss critical policy matters that will shape the trajectory of fintech in the United States.

Herbert will speak on the “AI and Alternative Data Creating Access to Safe Financial Services” panel, moderated by Peter Renton, chairman and co-founder of Fintech Nexus. The session will take place at 3:10 p.m. ET in The Westin Washington, D.C. City Center.

Each year, the AFC Policy Summit draws the most influential voices in the space to discuss the most pressing issues in fintech. Other speakers at this year’s event include Congressman French Hill, Chair of the Subcommittee on Digital Assets, Financial Technology and Inclusion, and Jelena McWilliams, former Chair of the FDIC.