Data Ethics Repository

Tag: Credit Worthiness

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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FairPlay Launches AI Bias Detection Product for the Insurance Industry

Algorithms, Credit Worthiness, Decision-Making, Fairness, FairPlay

Author: N/A; Publisher: Cision PR Newswire; Publication Year: 2022. The following article discusses how FairPlay is the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making. The company provides lenders with easy-to-use tools that assess and reduce…
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How Flawed Data Aggravates Inequality in Credit

Artificial Intelligence, Credit Score, Credit Worthiness, Economic Bias, Racial Bias

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…
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