Promise and peril: Fairness in AI-based lending
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and ...
Tag: algorithmic bias
Splash Financial, FairPlay team up to eliminate decisioning biases
AI solution FairPlay and Splash Financial are teaming up to offer unbiased loan decisioning to the digital lending platform’s network ...
Automation may reduce racial bias in lending
Automation may reduce racial bias. That is according to a recent study of Paycheck Protection Program (PPP) loans — a ...
Weekly Wrap: Automation fintech Blend plots public offering, defining fairness for AI
In this week’s episode of “The Buzz,” Bank Automation News discusses banking process automation platform Blend’s IPO plans and how ...
Listen: How legal and mathematical notions of fairness affect AI-driven credit underwriting
While legal ideas of fairness in credit have been long established by fair lending laws, adding artificial intelligence (AI) into ...
Does AI care where you went to school? Guarding against bias in AI-powered lending
Multiple studies have shown that women and minorities have historically faced higher interest rates on credit, but can the use ...
BofA’s Bessant: Need to guard against bias in AI banking tools
With the barrage of AI-based banking tools on the market, cultural- and gender-based algorithmic biases are top of mind for ...
BofA’s Bessant: Need to guard against bias in AI banking tools
With the barrage of AI-based banking tools on the market, cultural- and gender-based algorithmic biases are top of mind for ...
