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Practical solutions to combating bias & discrimination in lending decisions
Dec 06, 2023
Finance Stage
Finance Stage
- Though AI is beneficial from an automation standpoint, it can sustain bias and unfair lending practices and prevent historically disenfranchised groups from participating equally in our financial ecosystem
- What are the ways we can combat this? Discussion centers around data augmentation with synthetic data models, regular bias testing, building fair and transparent algorithms for training and education and more
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