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Machine Learning: Considerations for Fairly and Transparently Expanding Access to Credit
With Raghu Kulkarni and Steve Dickerson
Recently, machine learning has been used extensively in credit decision making. As ML proliferates the industry, issues of considerations for fair and transparent access to credit decision making is becoming important.
In this talk, Dr.Raghu Kulkarni and Dr.Steven Dickerson from Discover Financial Services will share their experiences at Discover. The talk will include:
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- An overview of how ML models are used across financial life cycle
- Practical problems practitioners run into and why explainability and bias detection becomes important.
References:Â
2-Â Â Â https://arxiv.org/abs/2011.03156
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 Raghu Kulkarni, Vice President, Data Science, manages enterprise Machine Learning (ML) modeling for Collections, Fraud, AML and Compliance for Discover Financial Services. He also manages AI/ML research team with focus on explainability and bias detection. He holds PhD in Applied Economics and Masters in Industrial Engineering from Texas Tech University.
Steven S. Dickerson is the SVP, Chief Data Scientist for Discover Financial Services. Steve has spent over 20 years using data and analytics to solve a wide-ranging set of problems in the financial services industry while holding leadership positions in Credit Risk, Collections & Recovery, Marketing Analytics, Operations, and AML. Prior to joining Discover, Steve held several analytic focused positions with American Express where he started as an Econometrician. Recently, he and his team have been focused on explainable AI to support credit decisioning under Equal Credit Opportunity Act (ECOA) requirements and Deep Learning/Graph Theory based fraud detection modeling. Steve holds a Ph.D. in Economics from the University of Arizona.
Sri Krishnamurthy, CFA is the Founder and CEO of QuantUniversity. Sri is the creator of QuSandbox, a platform for experimenting analytical and machine learning solutions for enterprises prior to adoption.
Sri earned an MS in Computer Systems Engineering and another MS in Computer Science, both from Northeastern University and an MBA from Babson College.
QuantUniversity is a quantitative analytics and machine learning advisory based in Boston, Massachusetts. QuantUniversity runs various programs and workshops in Boston, New York, Chicago, and online. The company offers online programs in Machine Learning and AI for Financial services
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