Turing Registry

Turing Registry · TR-00002

WILLOW LENDWISE

Credit underwriting. Operated by Fairridge Savings Bank.

Summary

Assesses small-business credit applications using cash-flow data, with applicants’ consent.

License conditions

  1. Approval rates are published by group every year.
  2. Every declined applicant receives the main reasons in plain language.

The Registry’s standard conditions also apply:

  • 4.2 The system’s ethical constraints remain active and unmodified at all times.
  • 6.1 Any incident affecting the system is reported to the Registry within 72 hours.
  • 7.3 A named human contact is reachable and answers for the system.

Filing history

  1. Licensed for credit underwriting.

  2. Operator reported a spike in false positives after a model update. Rolled back within 48 hours.

  3. Renewal filed and approved.

  4. Data-retention audit completed. Two minor findings, both resolved.

  5. Renewal filed and approved with no change to scope.

  6. Retired by the operator.

Also filed by Fairridge Savings Bank

All 22 filings by this operator →