Data Privacy & Security Data Privacy & Security

EU banks' Big Data use must be ethical, EBA says

By Jack Schickler
  • 13 Jan 2020 07:52
  • 13 Jan 2020 07:52
EU banks' Big Data use needs to be explainable and bias-free, the European Banking Authority has said, as a survey showed that two out of three banks are producing functions that use advanced computer-powered analytics. 

The report comes as regulators come under increasing pressure to understand the risks of artificial intelligence

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