From Denver to Boston, LA to Austin, today we gathered as a team to celebrate Q2 with, per usual, a whole lot of Zest fun! Each time we come together you can feel the Zest Heart radiate. Exciting updates were shared from our leadership team and we shined the spotlight on our fellow Zesty's who exude our mission and core values! #Heart #Community #Culture #CompanyCulture #GreatPlaceToWork #DreamTeam #FinTech #FairLending #FinancialInclusion #Inclusivity
Zest AI
Financial Services
Burbank, California 52,575 followers
Zest AI technology delivers better, faster, fairer lending across the credit spectrum.
About us
Zest AI makes the power of machine learning safe to use in credit underwriting. Lenders using Zest 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 available to everyone and is now one of the fastest-growing fintech software companies. The company is headquartered in Los Angeles, California.
- Website
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http://zest.ai
External link for Zest AI
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Burbank, California
- Type
- Privately Held
- Founded
- 2009
Locations
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Primary
3900 W Alameda Ave
1600
Burbank, California 91505, US
Employees at Zest AI
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Jeffrey Bussgang
General Partner and Co-Founder, Flybridge Capital Partners; Senior Lecturer, Harvard Business School
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Stephen Morse
AI | FinTech | Enterprise Sales | Biz Dev
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Dan Chiazza
Chief Operating Officer at Zest AI
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Aaron Long
Helping FIs reimagine lending by using AI & machine learning
Updates
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Introducing Women @ Zest, spotlighting the #LeadingLadies behind Team Zest AI! Meet Denisse Damian 👩💻, Software Engineer! She’s played an integral role in growing Zest to where it is today! Read more from Denisse on her journey to software engineering and FinTech, advice for advocating for yourself, and her accomplishments and love for coffee. #WomenAtZest #WomenInTech #Culture #DreamTeam #BestPlaceToWork #WomenInSTEM #FinTech #Technology #Innovation #AI #Engineering
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Zest AI CEO Mike de Vere was thrilled to share insights with Federal Reserve Board Vice Chair Michael Barr last week, just one day after his speech at the Financial Inclusion Practices and Innovations Conference, Board of Governors of the Federal Reserve System, Washington, D.C. Vice Chair Barr described how the financial inclusion status quo needs improvement and how fintech innovation can be part of the solution. He noted that “... traditional credit models favor an applicant that already has a sufficient credit history and a file from a credit reporting bureau to qualify for lending. This leads to a catch-22 where lower-income applicants with scant credit history but ample ability to repay are denied access to credit because they do not have a credit history. As a result, many lower-income households, both banked and unbanked, end up using a range of formal and informal services outside the banking system that too often keep households in a cycle of debt.” As Mike shared with Vice Chair Barr, Zest AI is committed to broadening access to equitable lending so that people aren’t stuck with predatory options. The AI we’ve built has supported $1 trillion in originations, and counting. We build AI lending technology for banks and credit unions who want to use better data and better math to assess all of their customers more effectively and to include borrowers who would have otherwise been left out. It was a busy week last week, but Mike and Yolanda D. McGill found a moment to snap a selfie! #CreditUnion #FinTech #AI #FinancialServices #Regulation #Data #Bank #Underwriting #Fairness #Responsible #Equitable #Purpose
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At Zest AI, we lean in to share our expertise. We appreciate every opportunity we are granted to provide our practical, on-the-ground technical knowledge about AI to policy makers. This past week Zest AI CEO Mike de Vere testified about how our #AITechnology enhances underwriting at financial institutions, including Commonwealth Credit Union. Many thanks to Congressman Andy Barr for this opportunity to provide testimony to his HFSC Subcommittee on Financial Institutions and Monetary Policy. #CreditUnion #FinTech #AI #FinancialServices #Regulation #Data #Bank #Underwriting #Fairness #Responsible #Equitable #Purpose
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Consumer Financial Protection Bureau Director Chopra stopped by the Financial Technology Association Future of Finance event last week for a fireside chat. Before he took the stage, Zest AI CEO Mike de Vere was able to share some thoughts with him on the promise of AI in financial services. Thank you to the FTA for organizing this event and this opportunity! #CreditUnion #FinTech #AI #FinancialServices #Regulation #Data #Bank #Underwriting #Fairness #Responsible #Equitable #Purpose
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Thank you Commonwealth Credit Union for sharing your expertise alongside Zest AI at the recent HFSC Subcommittee on Financial Institutions and Monetary Policy field hearing on fintech-financial institution partnerships in Lexington, Kentucky. Karen Harbin, CPA testified to Members of Congress, regulators, and other governing officials about how Zest AI increases Commonwealth's #underwriting #efficiency and #accuracy. Watch one of our favorite parts of Karen's testimony! #CreditUnion #FinTech #AI #FinancialServices #Regulation #Data #Bank #Underwriting #Fairness #Responsible #Equitable #Purpose #HeyKaren
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Zest AI CEO, Mike de Vere, spoke about financial institution-fintech partnerships Friday before Members of Congress as well as regulators, and other governing officials. Watch the video below for the end of his 5-minute speech: "Creditworthy borrowers need equitable access to mainstream credit NOW to weather economic and personal shifts, capitalize and fund new businesses, compensate for lack of liquidity, and grow the opportunities available to the next generation. Financial institutions need equitable access to credit to continue to populate the data inputs that better represent the shifting diversity in the U.S. so they can make fair and safe credit risk decisions as the country grows more diverse.” – Mike de Vere, written testimony at July 2024 Field Hearing Entitled: Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services #FinTech #AI #FinancialServices #Regulation #Data #Bank #Underwriting #Fairness #CreditUnion #Responsible #Equitable
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Meet Luis Vargas, Zest AI’s longest tenured employee, Lead Business Analyst and lover of post it notes! Luis has been an integral part of Zest’s growth. We love his advice on finding motivation and boosting productivity which perfectly exemplifies his dedication and collaborative spirit within the team. “I realize that what I do is impactful and makes things easier for others to do their jobs. I'm motivated not to let people down.” Take a behind the scenes look at our tech team and help us celebrate these exceptional individuals! #FinTech #DreamTeam #Culture #Heart #BestPlaceToWork #Technology #Innovation #AI
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Commonwealth Credit Union set out to make better lending decisions and meet increasing demand for a fast, frictionless experience—all without adding risk. Since implementing Zest AI's technology, Commonwealth has been able to increase efficiency and automate 70-83% of all consumer loan decisions. Listen to Jaynel Christensen, Chief Growth Officer, talk about how #AI has helped Commonwealth Credit Union boost its portfolio performance: https://lnkd.in/gvixxx-f #LendingInsights #CreditUnions #FinancialInclusion #FairLending #FinTech #MachineLearning
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Fairness stands out as an essential and non-negotiable piece of the puzzle in the conversation of how AI and machine learning can improve lending. With data and technology, the need for consumers to receive fair treatment and for financial institutions to deliver it is being met more often and more efficiently, but is it fair lending? While most lenders aim to give each of their borrowers a fair shot at credit while keeping the associated risks low, fair and smart lending at scale takes a robust and consistent set of tools to do the job. Zest AI's Yolanda D. McGill dives into the Four Pillars of Fair Lending! Read more on her insight here: https://lnkd.in/gfJqDJSN #AI #MachineLearning #FinTech #FairLending #FinancialInclusion #AIAutomatedUnderwriting #Lending #LendingTech