Turing Registry · TR-01661

TERMSDESK

Credit underwriting. Operated by Northern Lakes Building Society.

Summary

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

License conditions

  1. May not use protected characteristics or close proxies for them.
  2. Approval rates are published by group every year.

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. Annual audit completed with no findings.

  3. Annual fairness audit completed with no significant findings.

  4. Retired at the end of its service contract.

Also filed by Northern Lakes Building Society

All 11 filings by this operator →