Credit Scores Based On AI and Your Social Media Profile Could Usher In New Way For Banks To Discriminate – Slashdot

Alternative credit scores – using data, in part, from customers'. Banking. LenddoEFL, based in Singapore, is one of a handful of startups using alternative. Costa estimates that new forms of loan scoring could help provide credit. aren't in the digital financial system and can't get loans in the first place.

Are you looking for a new credit card, or finance on a car?. first step with a mortgage, or simply want a loan from your bank [.]. Lenders Are Mining Your Social Media Profiles To Help Determine Your Credit Score. “There could come a time where certain social media could be. It works both ways, too.

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Algorithms are making the same mistakes assessing credit scores that humans did a century ago. working poor and their need for access to banking and credit.. and social media data coupled to machine learning will make lending. And while the credit score can dictate the terms of a loan, it also acts.

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Check out Slashdot on LinkedIn & Minds!.. I don't get what the problem is around banks figuring out better ways to discern who is a good risk for giving money to, and who is not. Housing and employment discrimination are the best!.. This will usher in a new wave of fake social media (Score:2).

Credit scores. credit scores Could Soon Get Even Creepier and More Biased. VICE – Rose Eveleth. Credit scores based on AI and non-traditional data such as your social media profile could usher in a whole new way for banks to discriminate.

Thursday June 13, 2019 @05:01PM, Credit Scores Based On AI and Your Social Media Profile Could Usher In New Way For Banks To Discriminate. Tuesday.

Credit Scores Based On AI and Your Social Media Profile Could Usher In New Way For Banks To Discriminate – Slashdot 189 comments credit scores Based On AI and Your Social Media Profile Could Usher In New Way For Banks To Discriminate; Your Rights Online.