Transitioning to IRB: The challenges and benefits
How to ensure AI and Machine Learning scores are fair and ethical
27 November 2018
The decision of whether to grant credit to an applicant is often life-changing to that individual. It determines whether or not they can buy their dream house, upgrade their unreliable car or even buy a washing machine. In making decisions about who to lend to, credit providers bear a huge responsibility to ensure that they’re doing so in a fair and responsible manner, in addition to ensuring profitable outcomes.
What’s more, with the rise of AI and machine learning in credit scoring, how can we ensure lending decisions follow common sense trends and are fair and ethical?
In the below thought leadership piece, Martin Benson explores these questions to help you make the right lending decisions.