November 22 - 14:11
13D
Banks should explain algorithms, say regulators
Washington regulators have said that banks should be able to explain how their algorithms work when it comes to deciding credit limits. This comes after Goldmann Sachs' system offered lower limits to women than men in comparable financial situations. Goldman Sachs CEO David Solomon has said that there’s "no gender bias" in its algorithm.
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Bloomberg - Regulators Warn Banks About Tech Risks During Goldman-Apple Flap
Source Captured: 22/11/2019 14:07:25, 0 Views

The Information - Regulators Warn Banks on Algorithms
Source Captured: 22/11/2019 14:07:25, 0 Views

Seeking Alpha - Regulators warn banks about bias risks in algorithms
Source Captured: 22/11/2019 14:07:25, 0 Views

Yahoo - Regulators Warn Banks About Tech Risks During Goldman-Apple Flap
Source Captured: 22/11/2019 14:07:25, 0 Views

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