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Algorithm Integrity Matters: for Financial Services leaders, to enhance fairness and accuracy in data processing
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Article 14. External data - use with care
Manage episode 449886628 series 3594717
תוכן מסופק על ידי Risk Insights: Yusuf Moolla. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Risk Insights: Yusuf Moolla או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Spoken (by a human) version of this article.
Banks and insurers are increasingly using external data; using them beyond their intended purpose can be risky (e.g. discriminatory).
Emerging regulations and regulatory guidance emphasise the need for active oversight by boards, senior management to ensure responsible use of external data.
Keeping the customer top of mind, asking the right questions, and focusing on the intended purpose of the data, can help reduce the risk.
Law and guideline mentioned in the article:
- Colorado's External Consumer Data and Information Sources (ECDIS) law
- New York's proposed circular letter.
About this podcast
A podcast for Financial Services leaders, where we discuss fairness and accuracy in the use of data, algorithms, and AI.
Hosted by Yusuf Moolla.
Produced by Risk Insights (riskinsights.com.au).
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