Published Article: Justifying fair use of data in credit risk

4most was recently invited to publish an article by the Global Risk Regulator (part of the Financial Times) on justifying fair use of data in credit risk.

You can check out the published article here: Published Article: Fair enough? Justifying fair use of data in credit risk

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“While fairness is a concept we learn from an early age, it is difficult to encode what it is, specifically, that justifies whether a decision is ‘fair’ from a legal perspective — or indeed to specify this as a robust mathematical statement. Lenders need a pragmatic approach to support good credit decisions that are both accurate and legitimately defendable, based on the available data.”

Mark Somers, 4most Chairman and Director of Research

To read or download the full paper, click below…