Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
skip to main content
discussion

Assessing AI Fairness in Finance

Published: 01 January 2022 Publication History

Abstract

If society demands that a bank’s use of artificial intelligence systems is “fair,” what is the bank to actually do? This article outlines a pragmatic and defensible answer.

References

[1]
T. Telford, “Apple Card algorithm sparks gender bias allegations against Goldman Sachs,”The Washington Post, 2019. [Online]. Available: https://www.washingtonpost.com/business/2019/11/11/apple-card-algorithm-sparks-gender-bias-allegations-against-goldman-sachs/
[2]
R. Schwartz, L. Down, A. Jonas, and E. Tabassi, “A proposal for identifying and managing bias in artificial intelligence draft,”NIST Special Publication 1270, 2021. [Online]. Available: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.1270-draft.pdf
[3]
The global AI agenda: Asia-Pacific,”MIT Technology Review Insights, 2020. [Online]. Available: https://www.technologyreview.com/2020/04/23/1000335/the-global-ai-agenda-asia-pacific/
[4]
Principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence and data analytics in Singapore’s financial sector,”Monetary Authority Of Singapore, 2018. [Online]. Available: https://www.mas.gov.sg/publications/monographs-or-information-paper/2018/FEAT
[5]
[6]
Veritas document 1 FEAT fairness principles assessment methodology,”Veritas Consortium, 2020. [Online]. Available: https://www.mas.gov.sg/-/media/MAS/News/Media-Releases/2021/Veritas-Document-1-FEAT-Fairness-Principles-Assessment-Methodology.pdf
[7]
Veritas document 2 FEAT fairness principles assessment case studies,”Veritas Consortium, 2020. [Online]. Available: https://www.mas.gov.sg/-/media/MAS/News/Media-Releases/2021/Veritas-Document-2-FEAT-Fairness-Principles-Assessment-Case-Studies.pdf

Cited By

View all
  • (2022)A Penalty Default Approach to Preemptive Harm Disclosure and Mitigation for AI SystemsProceedings of the 2022 AAAI/ACM Conference on AI, Ethics, and Society10.1145/3514094.3534130(823-830)Online publication date: 26-Jul-2022

Index Terms

  1. Assessing AI Fairness in Finance
          Index terms have been assigned to the content through auto-classification.

          Comments

          Information & Contributors

          Information

          Published In

          Publisher

          IEEE Computer Society Press

          Washington, DC, United States

          Publication History

          Published: 01 January 2022

          Qualifiers

          • Discussion

          Contributors

          Other Metrics

          Bibliometrics & Citations

          Bibliometrics

          Article Metrics

          • Downloads (Last 12 months)0
          • Downloads (Last 6 weeks)0
          Reflects downloads up to 21 Sep 2024

          Other Metrics

          Citations

          Cited By

          View all
          • (2022)A Penalty Default Approach to Preemptive Harm Disclosure and Mitigation for AI SystemsProceedings of the 2022 AAAI/ACM Conference on AI, Ethics, and Society10.1145/3514094.3534130(823-830)Online publication date: 26-Jul-2022

          View Options

          View options

          Get Access

          Login options

          Media

          Figures

          Other

          Tables

          Share

          Share

          Share this Publication link

          Share on social media