Pathward Partners With FairPlay to Enhance Algorithmic Decisions

Pathward will incorporate FairPlay's Fairness-as-a-Service Solutions to further its mission of powering financial inclusion.

LOS ANGELES, Feb. 18, 2025 /PRNewswire/ ---- FairPlay, the world's first Fairness-as-a-Service™ company, is announcing a customer relationship with Pathward^®, N.A., a U.S.-based financial empowerment company driven by its purpose to increase financial inclusion.

Pathward will leverage FairPlay’s technology to advance its analytical capabilities—driving efficiency through automation and software while promoting financial inclusion. The partnership exemplifies Pathward’s ongoing collaboration with industry leaders to create innovative and responsible financial products and solutions.

FairPlay, a leader in fairness innovation for financial services, empowers banks, fintechs and score providers to optimize lending practices and achieve regulatory compliance through cutting-edge analytics. FairPlay’s Fairness-as-a-Service solutions equip lenders to identify and mitigate bias, turning compliance into a competitive advantage and improving outcomes for consumers.

“We’re pleased to partner with FairPlay, a market leader in regulatory compliance for credit decisioning,” said Executive Vice President, Chief Technology and Product Officer at Pathward, Charles Ingram. “The three-year partnership provides Pathward with a cloud-native software solution that refines our analytical capabilities related to fair lending and creates efficiency through new tools and automation. We’re optimistic the technology will contribute to making the financial network accessible to more consumers and businesses.”

“Pathward is one of the pillars of the Banking-as-a-Service ecosystem,” said Kareem Saleh, CEO of FairPlay. “With this partnership, FairPlay and Pathward will be working to make financial services more inclusive, innovative and safe.”

This partnership will accelerate FairPlay's mission of building fairness infrastructure for the Internet, thereby creating greater safety for consumers. It also can improve operational efficiency, reduce risk, and allow Pathward and FairPlay to support one another’s shared goals of creating greater access to financial services for more people and businesses.

For more information about FairPlay, visit FairPlay.ai. For more information about Pathward, visit Pathward.com.

About FairPlay

Founded in 2020, FairPlay is the world's first Fairness-as-a-Service solution, helping organizations address algorithmic bias to improve revenues, keep pace with regulations, and better serve consumers. FairPlay's technology serves financial institutions, lenders, insurance carriers, and marketers, identifying blind spots in their algorithms and providing automated second looks to improve decisions. To learn more visit FairPlay.ai.

About Pathward

Pathward^®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.

Media contacts:

FairPlay

Myra Godfrey

347-476-4358

press@fairplay.ai

Pathward

Courtney Heidelberg

605.291.7044

mediarelations@pathward.com