AI could create financial unfairness, prejudice without human intervention, Hong Kong monetary chief says

Source: Tech – South China Morning PostAdopting technological applications based on artificial intelligence (AI) into Hong Kong’s banking system raises the risk of prejudicing certain categories of people in a “systematic way”, meaning human intervention remains essential, said the chief executive of the city’s monetary authority.AI and data analytics will make banks more data-driven in their credit scoring and credit allocation, thereby boosting the city’s competitiveness as an international financial centre as it helps increase…Read More

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