Reducing bias in AI-based financial services

This US focused report considers four distinct ways of incorporating Artificial Intelligence into credit lending. It highlights the existing racial bias in credit scores, where white / non-hispanic individuals are likely to have a much higher credit score than black / African American individuals. And argues that although introducing AI could potentially exacerbate current biases, it could also transform the allocation of credit for the better.

Share this resource:

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.