Thursday, April 6, 2017

Will Using AI To Make Loans Trade One Kind Of Bias For Another?


Will Using Artificial Intelligence To Make Loans Trade One Kind Of Bias For Another?

The terms of the next loan you get might depend less on your credit score and more on what a computer program thinks of your habits. Digital lending is expected to double in size over the next three years, reaching nearly 10 percent of all loans in the U.S. and Europe.

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