Transportation and Logistics – Freight Spot Price Volatility
Lorykeet provides freight forwarders with the ability to more confidently predict freight shipping prices in a spot pricing market so that they are equipped to negotiate the best spot price with their Carriers, increase profit margins and reduce tender rejections.
AI Model Assurance – objective validation, independent risk assessment, and compliance testing
Lorykeet provides the enabling technology and tools to enable efficient, reliable, and independent AI assurance assessments and audits. AI assurance basically involves technical processes for testing the behavior of algorithms.
Banking – loan application processing
Lorykeet enables multiple testing methods, detects potential bias and discrimination in credit risk algorithms, and provides counterfactual capabilities to help determine options for growing loan portfolio within risk parameters