Climb Credit Taps Zest AI To Increase Student Loan Access And Inclusivity
Deploys Advanced Lending Software For Better Accuracy and Fairness
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LOS ANGELES, April 27, 2021 /PRNewswire/ --
Zest AI, a leader in software for credit underwriting, today announced that it has entered into a partnership with
Climb Credit, a lender committed to a more efficient and inclusive way to fund education. Climb is using Zest's Model Management System to power its student lending credit model and further enhance accuracy and fairness. The Zest-built model's ability to improve accuracy can generate higher approval rates (by nearly 20% based on Zest's prior consumer lending experiences), while further minimizing the impact of credit bureau data known to correlate with race, gender, and ethnicity.