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Listen: How legal and mathematical notions of fairness affect AI-driven credit underwriting

Janine Hiller of Virginia Polytechnic Institute and State University on defining fairness in AI-powered credit

Jaspreet KalrabyJaspreet Kalra
June 24, 2021
in Lending
Reading Time: 11 mins read
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While legal ideas of fairness in credit have been long established by fair lending laws, adding artificial intelligence (AI) into the mix can complicate matters. There are about “24 definition of fairness,” in mathematics, said Janine Hiller, professor in finance and business law in the Pamplin College of Business at Virginia Polytechnic Institute and State […]

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Tags: algorithmic biasartificial intelligence (AI)Financial RegulatorsPremiumunderwriting
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