fintec

Algorithmia AI Generated Summary

For the last 15-20 years, the financial world has become increasingly reliant on the use of machine learning and artificial intelligence to streamline decisioning, remain competitive and adhere to constantly changing regulation. Alongside unconscious bias, we now face algorithmic bias within financial services technology. Meaning access to fair and equitable financial solutions, such as lending, isn’t equally available to people of all genders, races and cultures.


For the last 15-20 years, the financial world has become increasingly reliant on the use of machine learning and artificial intelligence to streamline decisioning, remain competitive and adhere to constantly changing regulation.

­This presents us with a new challenge. Alongside unconscious bias, we now face algorithmic bias within financial services technology. This is leading to inequality when applying for finance. Meaning access to fair and equitable financial solutions, such as lending, isn’t equally available to people of all genders, races and cultures.

3 thoughts on “fintec”

Leave a Comment

Your email address will not be published. Required fields are marked *