Question: Why could banks using Al in their loan process potentially create unintended consequences? All options are correct. Such systems can increase disparities based on socioeconomic
Why could banks using Al in their loan process potentially create unintended consequences?
All options are correct.
Such systems can increase disparities based on socioeconomic background, ethnic category, or education level.
Al loan systems are fully transparent, allowing applicants to game the algorithm to guarantee their loan approval.
Al approved loans have accidentally "rubber stamped" all applications resulting in everyone that applied receiving
a loan.
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