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Through a case study of mortgage applications, this article shows how bias might be introduced to AI systems by either bias within historical data, and/or
This short article looks at the link between the lack of diversity in the AI workforce and the bias against ethnic minorities within financial services
A detailed summary of research by Mark Weber, Mikhail Yurochkin, Sherif Botros and Vanio Markov, breaking down the lack of racial justice in the current
Algorithms can be used to decide when to withhold loans, mortgages and even bank accounts, on the basis of who is likely to make money for the bank. Minority ethnic groups can be disproportionately disadvantaged within these prediction systems by being determined as not meeting the criteria for lending, even when others with the same financial status get approved.