Zest AI secures the investment of VyStar Credit Union, First National Bank of Omaha and Northgate Capital


The funds will be used to accelerate the adoption of Zest’s model management system to build and deploy powerful, explainable and compliant AI-based credit underwriting models. The investment will also fund Zest’s efforts to put in place more rigorous technologies and standards around algorithmic fairness, with the aim of reducing bias in the consumer lending industry.

Regarding the addition of Jenny vipperman on the board of directors, CEO of Zest AI Mike de Vere said, “Jenny shares our mission of making fair credit available to everyone, and you rarely meet someone who cares as much as Jenny about helping others. Jenny also brings in-depth insight into the specific needs of credit unions – the fastest growing part of our customer base. “

“As leaders in the financial industry,” says Vipperman, “our job is to invent new and better ways to serve our members. For me, that means fairer, faster and more accurate credit decisions. the same leap forward. “

The announcement comes as Zest deepens its relationship with credit unions across the country. Earlier this month, Zest was named the CUNA strategic services alliance provider for AI-driven lending to credit unions nationwide.

About the First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. National premiere of Nebraska and its subsidiaries have more than $ 23 billion assets and nearly 5,000 associated employees. The main bank offices are located at Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. Learn more about fnbo.com and connect with us on Facebook, Twitter and Instagram.

About VyStar
VyStar Credit Union is the 13e largest credit union in the country and now serves over 765,000 members with assets totaling over $ 11 billion. VyStar is the largest mortgage lender in Northeast Florida and one of the region’s largest employers with over 2,000 employees. Membership in VyStar is open to anyone who lives or works in the 49 counties contiguous from Central to North Florida, ten South georgia counties and past and present military personnel and their families around the world.

About Zest AI
Zest AI software helps lenders make better decisions and better loans, increasing revenue, reducing risk, and automating compliance. Zest AI was founded in 2009 with the mission of making fair and transparent credit accessible to all and is today the leader in software for more inclusive underwriting. The company is headquartered in Los Angeles, California. Learn more about www.zest.ai and connect with us on Twitter at @Zest_AI or Zest AI Knowledge Blog.

SOURCE Zest AI




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