Algorithmic bias and financial services: A KPMG report prepared for Finastra

Algorithmic bias and financial services: A KPMG report prepared for FinastraAlgorithmic bias and financial services: A KPMG report prepared for Finastra

We explore the fundamentals of algorithms – how they work, what they require, and how they are used in day-to-day business. We set out how bias can be introduced into algorithms. We consider how some algorithms are used in financial services, and the relevance of the biases explored given those uses. We also set out key statistics on the market sizes for a range of products in the sector used by end consumers.

 

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