Articles on Banking

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AI can detect financial fraud more efficiently than previous technology did, but it also flags legitimate transactions that it shouldn’t. CardMapr.nl on Unsplash

Your bank’s AI just blocked your payment – what can you do?

AI is now the machine deciding whether your payment goes through. And when it makes a mistake, the system isn’t designed to tell you why.
Gender bias in AI-driven systems is depriving women of the same economic rights as men, particularly concerning access to financial services. Andrey_Popov/Shutterstock

Overcoming the algorithmic gender bias in AI‑driven personal finance

An economist explores the gender data bias behind credit scoring and borrowing money from the bank that excludes women worldwide, denying them the same economic rights as men.

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