Digital Planet

By BBC World Service

The cost of bias in AI fintech

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Published March 09, 2021 2:12pm

We’ve been discussing bias in AI on the programme for more than a year now but what is the actual cost of it? KPMG is publishing a report, commissioned by the fintech company Finastra, which examines the size of global consumer lending markets and the potential impact of algorithmic bias in money lending decisions. Amber Sappington, Head of Data & Analytics at Finastra, discusses the potential problems and why there’s an urgency for the industry to acknowledge the problem and act on it.

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