Category: Banking & Finance

Study: Fear of data breaches stifling bank innovation

Compliance, Innovation, Risk

Click here to access original source Author: Neil Hodge Publisher: Compliance Week Year: 2020 Summary: This piece looks at data privacy in banking from a different viewpoint than I’ve seen elsewhere. Instead of leading with…
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Why Data Ethics Leadership Needs To Become The New Normal In Finance

Leadership

Click here to access original source Author: David Sweenor Publisher: Global Banking and Finance Year: 2022 Summary: This article discusses data ethics leadership in the finance industry. Particularly, LLoyds Bank, one of the world’s largest…
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Can LLMs be Good Financial Advisors?: An Initial Study in Personal Decision Making for Optimized Outcomes

Banking & Finance

Click here to access original source Author: Kausik Lakkaraju, Sai Krishna Revanth Vuruma, Vishal Pallagani, Bharath Muppasani, Biplav Srivastava Publisher: arxiv Year: 2023 Summary: This piece, by professors and doctoral students from the University of…
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Ethical Artificial Intelligence – The Dutch Insurance Industry Makes It a Mandate

AI Usage, Data Governance, Environmental Wellbeing, European Union, GDPR, General Data Protection Regulation, Human Agency, Medical Data, Societal Wellbeing, Technical Robustness, Transparency

Author: Ton Reijns, Richard Weurding, Jos Schaffers; Publisher: KPMG International; Publication Year: 2021. The following article discusses how the European Commission and corresponding European Union General Data Protection Regulation (GDPR) laws have established a framework…
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Data Ethics: the Bridge to Better Banking

Consent, Customer Trust, Data Collection, Discrimination

Author: Tim Sheehan; Publisher: GWI; Publication Year: N/A. The following article discusses how banks are starting to change the way they do business due to so much data being available. But the banking companies do…
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Algorithmic Bias Explained: How Automated Decision-Making Becomes Automated Discrimination

Algorithmic Bias, Credit Worthiness, Lending Algorithms, Racial Bias

Author: N/A; Publisher: The Greenlining Institute; Publication Year: 2021. The following article discusses algorithmic biases in credit and finance, healthcare, employment, government programs, education and housing. Focusing in on algorithmic bias in credit and finance,…
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Big Data, Financial Services and Privacy

Big Data, Financial Exclusion, Personalized Ads, Targeted Advertising

Author: N/A; Publisher: The Economist; Publication Year: 2017. The following article discusses how bankers and insurers are using big data to better target customers and offering more personalized service. However, regulation and ethic code should…
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Credit Scoring and the Risk of Inclusion

Alternative Data Initiatives, Bias Mitigation, Credit Score, Racial Inequality

Author: Tamara K. Nopper; Publisher: Medium; Publication Year: 2022. The following article examines the possibilities of alternative data initiatives for mitigating racial inequality in the U.S. credit scoring system This discusses the for-profit credit evaluation…
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Financial Services Firms Turn to Data Ethics to Manage Digital Risks

Automation, Cybersecurity, Data Governance, Fairness, Risks

Author: Steven Tiell; Publisher: Accenture; Publication Year: 2021. The following article talks about how In 2021, data ethics will be the tool financial services firms choose to manage digital risks in automation and cybersecurity. Practicing…
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