AI systems are used to decide who has access to bank accounts, credit, loans, and mortgages, aimed at reducing risk for lenders. Algorithms are used to predict who should get credit and what rates they should get, and whether someone’s payments should be authorised. Often the models built to predict these things contain historic, postcode and proxy data, which discriminates against ethnic minorities. This means that depending on your ethnicity and other factors, you could get less financial opportunity than others, which can have an impact on the type of education, careers, homes and lifestyle you have.