4 years ago

ETIQ Raises £585,000 to Combat AI Bias in Finance

  • ETIQ, a UK-based startup that helps financial companies mitigate bias in their AI algorithms, has raised £585,000 in pre-seed funding

  • The funding, which includes equity investment from SFC Capital and grants from Innovate UK, will be used for R&D, marketing, and sales

  • ETIQ's platform analyzes data and models to identify and address bias, enabling financial firms to make fairer decisions

  • The company has partnered with SIA Technology and is gaining traction in the market.

      • ProblemTechnology

      "Financial companies are increasingly using AI for critical decisions, but existing AI algorithms can perpetuate and even amplify existing biases, leading to unfair outcomes."

      Solution

      "ETIQ provides a cloud-based platform that helps financial companies identify and mitigate biases in their AI algorithms, ensuring fairer decision-making and compliance with regulations."

      Covered on