In this episode, I catch up with my old Columbia PhD classmate Guru Sethupathy, founder of FairNow, an AI governance platform for financial services.
About AI Governance:
- Involves three key components:
- Monitoring AI performance, explainability, and bias
- Ensuring compliance with financial regulations
- Establishing clear AI policies and procedures
Why It Matters for FinTechs:
- Often viewed as a cost center but becomes a strategic advantage
- Becomes critically important during partner due diligence
- "Light touch" governance is better than scrambling reactively
- Risk of bias or compliance issues can be existential for startups
Explainability Benefits:
- Meets regulatory requirements
- Improves customer experience
- Enhances operational understanding
- Helps identify performance optimization opportunities
Resources:
- Learn more at fairnow.ai
- Contact: guru@fairnow.ai
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Want to chat with Carlos Caro, our host? Email him at carlos@newmarketgrowth.com
Timestamps:
(00:00) Introduction to Guru Slu's Journey (04:11) The Genesis of Fairow (10:56) The Importance of AI Governance for FinTechs (19:21) The Importance of Monitoring and Risk Management (32:09) Practical Steps for Early-Stage FinTechs (38:24) Conclusion and Final ThoughtsPopular Podcasts
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