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NYDFS Just Shook Up Insurance AI; Here's What Insurers Need To Know

Last week the New York Department of Financial Services issued a proposed circular on using AI and alternative data. Here s everything insurance carriers need to know.
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Party Vendors , York Department Of Financial Services , New York Department , Financial Services , Fairness Testing , Certain Data , Validity Requirement , Less Discriminatory Alternatives , Detection Mandate , Adverse Impact Ratios , Standardized Mean Differences , Third Party Vendors ,

Who Has Fairness Obligations In The Banking-As-A-Service Ecosystem?

Some players in the Banking-as-a-Service ecosystem say fair lending isn t their problem. But they re wrong about the law - and fairness is good for business anyway. ....

Fairness Compliance Program , Equal Credit Opportunity Act , Assume You Have Fairness Obligations , Because You Probably , Might Cause Unfair , Best Practice , Adverse Impact Ratios , Standardized Mean Differences , Relevant Information With Your ,