Full Name
Nicholas Schmidt
Position Title
Chief Technology and Innovation Officer
Organization/Affiliation (full name)
SolasAI
Speaker Bio
Nicholas Schmidt is the AI Practice Leader at BLDS, LLC and CTO of SolasAI. He specializes in applying statistics and economics to questions of law, regulatory compliance, and best practices in model governance. He has created AI-based techniques that enable clients to minimize disparate impact in credit, insurance, and marketing models. Nick writes and frequently speaks on the benefits and risks of
artificial intelligence, Explainable AI, and how to make fairer machine learning algorithms.
Nick is a Partner and the Artificial Intelligence Practice Leader at BLDS, LLC. This Philadelphia-based consulting firm provides expert guidance to companies and regulators in applying economics and statistics to questions of law and regulation. In his consulting work, Nick focuses on algorithmic fairness, explainable AI, and ensuring robust model governance practices. As head of the AI practice, Nick develops and assists in deploying methods that allow his clients to make their AI models fairer and more inclusive.
His consulting work led to the development of SolasAI, a compliance-focused and AI-based software platform that identifies and mitigates bias and discrimination in algorithmic decisioning. As its CTO, Nick has led SolasAI to create a groundbreaking product that allows customers to review, analyze, and make decisions related to disparity reduction efficiently and transparently. This cutting-edge product
illuminates and reduces causes of disparate impact, disparate treatment, and other forms of bias in algorithmic models, protecting customers against regulatory, legal, and reputational problems while accelerating modelers’ ability to innovate.
Nick’s work is used by many of the country’s most prominent consumer and small business lenders, FinTechs, life and health insurers, and other enterprises aiming to achieve fairer outcomes for their customers.
Nick holds an MBA from the University of Chicago Booth School of Business (2011), with concentrations in econometrics, statistics, and finance, and a B.S. in Economics from George Mason University, High Honors (2001).
artificial intelligence, Explainable AI, and how to make fairer machine learning algorithms.
Nick is a Partner and the Artificial Intelligence Practice Leader at BLDS, LLC. This Philadelphia-based consulting firm provides expert guidance to companies and regulators in applying economics and statistics to questions of law and regulation. In his consulting work, Nick focuses on algorithmic fairness, explainable AI, and ensuring robust model governance practices. As head of the AI practice, Nick develops and assists in deploying methods that allow his clients to make their AI models fairer and more inclusive.
His consulting work led to the development of SolasAI, a compliance-focused and AI-based software platform that identifies and mitigates bias and discrimination in algorithmic decisioning. As its CTO, Nick has led SolasAI to create a groundbreaking product that allows customers to review, analyze, and make decisions related to disparity reduction efficiently and transparently. This cutting-edge product
illuminates and reduces causes of disparate impact, disparate treatment, and other forms of bias in algorithmic models, protecting customers against regulatory, legal, and reputational problems while accelerating modelers’ ability to innovate.
Nick’s work is used by many of the country’s most prominent consumer and small business lenders, FinTechs, life and health insurers, and other enterprises aiming to achieve fairer outcomes for their customers.
Nick holds an MBA from the University of Chicago Booth School of Business (2011), with concentrations in econometrics, statistics, and finance, and a B.S. in Economics from George Mason University, High Honors (2001).
Speaking At
