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AI Can Make Bank Loans More Fair
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AI can help reduce inequity in credit access, but banks will have to trade off fairness for accuracy – for now
July 2, 2021, by sbalogh@insider.com (Shannen Balogh,Carter Johnson)
As lending becomes increasingly digital, firms are looking to computers to help make credit decisions. Samantha Lee/Business ...
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Democratizing data for a fair digital economy
March 23, 2021, by Martha Leibs
The digital revolution is here, but not everyone is benefiting equitably from it. And as Silicon Valley’s ...
Read more on Top News - MIT Technology Review
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Equifax will pay $640 million for Kount’s AI-driven identity and fraud prevention tools
January 13, 2021, by Chris O'Brien
Equifax will pay $640 million to acquire Kount, which uses AI to drive fraud prevention and digital ...
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The coming war on the hidden algorithms that trap people in poverty
December 8, 2020, by Karen Hao
Miriam was only 21 when she met Nick. She was a photographer, fresh out of college, waiting ...
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The State Of AI Adoption In Financial Services
November 1, 2020, by Louis Columbus, Senior Contributor
70% of financial services firms are using machine learning to predict cash flow events, fine-tune credit scores ...
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Zest raises $15 million to reduce loan algorithm bias
October 20, 2020, by Kyle Wiggers
Zest AI has raised a $15 million round to develop loan decisioning software it claims is less ...
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