Category: Banking & Finance
-
The Rise of AAAI: How a Data Ethics Framework Drives Value
Author: Leanne Allen; Publisher: KPMG International; Publication Year: 2020. The following article discusses how COVID-19 accelerated the implementation of Advanced Analytics and Artificial Intelligence (AAAI), and this trend changed how customers interact with financial companies.…
-
Ethical Use of Customer Data in a Digital Economy
Data Collection, Data Guidelines, Data Policies, Data Principles, Data Utilization, General Data Protection Regulation, Management Framework, Risks, TransparencyAuthor: N/A; Publisher: KPMG International; Publication Year: 2019. The following article is written by KPMG Digital and Technology Department employees. It touches on financial institutions’ principles, policies, and data ethics guidelines. The report points out…
-
A.I. Bias Caused 80% Of Black Mortgage Applicants To Be Denied
Author: Kori Hale; Publisher: Forbes; Publication Year: 2021. The following article describes a specific instance of an unethical artificial intelligence (AI) program where across the board minorities are being rejected from mortgage requests at higher…
-
Sexist and Biased? How Credit Firms Make Decisions
Algorithms, Apple, Artificial Intelligence, Credit Score, Gender Bias, Goldman Sachs, Historical DataAuthor: Kevin Peachey; Publisher: BBC News; Publication Year: 2019. The following article describes how in November 2019, a tech entrepreneur reported that he was approved credit 20 times more on his Apple Card than his…
-
Ethical Use of Big Data in Financial Services
Author: N/A; Publisher: Institute of Chartered Accountants in England and Wales. Publication Year: N/A. The following article introduced 3 groups of principles and respective examples that could potentially identify, prevent and resolve ethical tensions in…
-
Meet the Activists Perfecting the Craft of Anti-Surveillance
Artificial Intelligence, Black Lives Matter, Body Cameras, Encryption, Facial Recognition Systems, George Floyd, Government Security, Government Surveillance, License Plate Readers, Predictive AI, Stingray Devices, Surveillance StateAuthor: Hannah Murphy; Publisher: Financial Times; Publication Year: 2021. The following article describes how activists are fighting against the collusion between big tech companies and government security apparatus. Public anxiety has grown over state surveillance…
-
How Flawed Data Aggravates Inequality in Credit
Author: Edmund L. Andrews; Publisher: Stanford University; Publication Year: 2021. The following article discusses how artificial intelligence (AI) models used to determine credit worthiness for lending are less accurate for lower-income and minority borrowers, in…
-
Why Data Ethics Leadership Needs to Become the New Normal in Finance
Author: David Sweenor; Publisher: Global Banking and Finance Review; Publication Year: N/A. The following article discusses how the influx of data in today’s digital world quickly passed the infrastructure necessary to monitor data automation. For…
-
Data Ethics Principles
Author: N/A; Publisher: Danske Bank; Publication Year: 2022; The following document from Danske Bank that demonstrates the data ethics principles that they have applied to promote a sound and ethical data culture within their business…