What Should Data Ethics Mean to Financial Service Providers?

Author: N/A

Publisher: Symphony AI

Publication Year: N/A

Summary: The following source discusses how data ethics in finance is a topic that has not been talked about enough as the rise of artificial intelligence (AI) and similar technologies has become more prominent in recent years. Banks or large financial institutions must make it more of a priority, not just as a checkbox or checklist they breeze through and move on from, but part of their business operations that constantly evolves. Issues with legitimate customers being denied for loans or criminal activity not being detected as a result of unchecked AI or similar technology could cause great problems for financial institutions.