Podcast
22 min

What are we doing to stamp out AI bias in financial services?

About this Episode

Unconscious bias in algorithms, AI and machine learning could be a significant driver for inequality. Financial services providers and technology vendors must address the problem to ensure a level playing field for everyone – when it comes to borrowing money, for example. This episode highlights why the industry must check if the biases that exist in society are being repeated through the design and deployment of these technologies, and looks at how to tackle the problem.

Participants

Helen Driver
Helen is the Founder of Moneyready, an online financial education platform for children, and former Equity Fund Manager.
Nicolai Baldin
Nicolai is co-founder and CEO of Synthesized, which has built a DataOps platform creating optimized and compliant data products to fuel excellence in testing, analytics and machine learning. He has led the growth of the business from a simple idea to a service used by tech companies in the UK, Europe and the US.  Nicolai is responsible for the direction and product strategy of Synthesized. For over eight years, Nicolai has designed and delivered complex ML solutions used by top financial and healthcare institutions. He holds a PhD in Machine Learning and Statistics from the University of Cambridge.
Adam Lieberman 600x600 (Sibos 2024)
Leveraging his background in mathematics and computer science, Adam is responsible for applying cutting edge machine learning research and development to innovate in the financial services industry. He is a firm believer that innovation is key and he works with his data science teams to use the latest emerging technologies to conceptualize and quickly turn proof of concepts to production-grade products and services across all of Finastra's financial lines of business.
Renée Sattiewhite
Renée Sattiewhite is the President and CEO of the African-American Credit Union Coalition (AACUC) and is responsible for the execution of the strategic vision of the Board of Directors. With over 30 years in the world of finance, she started her career as a Teller Trainee for City National Bank in Beverly Hills, California. She quickly moved up the ranks with various positions including Bank Officer. She has been associated with credit unions for over 25 years and was the first Internship Program Director for the AACUC. Renee’s background is in training and marketing, specializing in Customer Service, Effective Communication, Board Development, Team Building and Strategic Planning. Renée is a former Instructor for Spelman College’s Continuing Education Department, a Facilitator for United Way of Greater Atlanta’s VIP Board Development Program and a graduate of Oglethorpe University with a B.A. in Communications. She is credited for giving organizations a “new look” in the areas of customer satisfaction, employee relations, and marketing materials. Renée is a certified diversity professional, a credit union development educator, motivational speaker, an executive coach, mentoring trainer and assists organizations with marketing campaigns.

About the show

Open Finance is a podcast series that explores how financial services is opening up to collaboration, innovation and society. Each episode focuses on a critical question as open APIs, platforms and technology make the industry accessible to customers, fintechs and big tech like never before.

Produced by Finastra, each episode brings guests with diverse viewpoints together to discuss the changes needed to make the future of finance open.

Join the conversation on LinkedIn and Twitter at @FinastraFS with the hashtag #OpenFinance.