AI ethics in the Financial Services sector When it comes to the FS sector, the need for fair and ethically sound AI systems is paramount. FS organisations are making increasing use of AI to inform critical decisions that can adversely affect their clients, such as the denial of loans and credit card applications. It is therefore important that any decisions generated by AI algorithms are not unfairly biased toward a particular demographic sector of their customer population, i.e. false positives.
 
In this blog, David Nicholson takes a look at the reasons for bias in AI and the role of regulators, governments and big tech firms in strengthening the culture of responsibility and ethical behaviour within financial organisations, beyond data processing.
 
Read the full blog here.

David Nicholson

Analytic Product Manager at BAE Systems Applied Intelligence
top