Loans and Mortgages

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Racist Robots? How AI bias may put financial firms at risk

Artificial intelligence (AI) is making rapid inroads into many aspects of our financial lives. Algorithms are being deployed to identify fraud, make trading decisions, recommend banking products, and evaluate loan applications. This is helping to reduce the costs of financial products and improve th… Through a case study of mortgage applications, this article shows how […]

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AI Perpetuating Human Bias in the Lending Space

AI was supposed to be the pinnacle of technological achievement — a chance to sit back and let the robots do the work. While it’s true AI completes complex tasks and calculations faster and more accurately than any human could, it’s shaping up to need some supervision. There is data which predicts that the introduction […]

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