Friday, 24 March, 2023

How LendingKart is making its ML models bias-free

<p>LendingKart is a provider of SME lending in India. It uses ML models to know if it can lend to a particular borrower. Its ML systems used to falsely accept/reject borrowers. Hence, to make its models bias-free for accurate result generation, the company cross-verified the data provided by its credit bureau with the output generated by its systems to check any false acceptances or rejections. It also matched characteristics of training data to the incoming data.</p>