Turing Registry

Turing Registry · TR-03672

LENDWISE SCOPE

Credit underwriting. Operated by Tessel Bank.

Summary

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

License conditions

  1. Every declined applicant receives the main reasons in plain language.
  2. May not use protected characteristics or close proxies for them.
  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. Annual fairness audit completed with no significant findings.

  3. Renewal filed and approved.

  4. Retired at the end of its service contract.

Also filed by Tessel Bank