Technological innovation in creditworthiness assessment

Technological innovation

Abstract Consumer scores describe individuals or groups in order to predict, on the basis of their data, behaviors and outcomes. Scores use information about consumer characteristics and attributes by means of statistical models that produce a range of numeric scores, and they proliferate in day-to-day interactions: in the US only, roughly 140 scoring algorithms are […]

From the Black swan, to the Snowball

Risks of Covid-19 pandemic for consumer credit scores in the lack of a harmonized regulatory intervention ABSTRACT In light of the harmful and wide-ranging effect of the coronavirus pandemic, many governments in the European territory and on the global framework rushed to introduce forms of financial support for those groups that are susceptible to be […]

Shortcut or sleight of hand?

Why the checklist approach in the EU Guidelines does not work by: Antonio Davola, Emily Black, Kalervo Gulson, Geoffrey Rockwell, Evan Selinger and Elana Zeide What we did In April 2019, the High-Level Expert Group on Artificial Intelligence (AI) nominated by the EU Commission released the “Ethics Guidelines for Trustworthy Artificial Intelligence”, followed in June […]