Turing Registry

Turing Registry · TR-03555

LENDWISEPATH

Credit underwriting. Operated by Coastal 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. Every declined applicant receives the main reasons in plain language.
  3. 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. Operator reported a spike in false positives after a model update. Rolled back within 48 hours.

  3. Renewal filed and approved.

  4. Renewal filed and approved.

  5. Renewal filed and approved.

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

  7. Retired after the operator stopped trading.

Also filed by Coastal Building Society

All 14 filings by this operator →