FPF Submits Written Statement to the U.S. House Committee on Financial Services Task Force on AI

This week, Future of Privacy Forum (FPF) Senior Counsel and Director of AI & Ethics Brenda Leong submitted a written statement on the use of artificial intelligence and machine learning-based applications in financial products and services.

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Future of Privacy Forum

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https://fpf.org/2020/02/13/fpf-submits-written-statement-to-the-u-s-house-committee-on-financial-services-task-force-on-ai/

Retrieved on:

Thursday, February 13, 2020

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Articles, Cybernetics, Academic disciplines, Technology, Emerging technologies, Artificial intelligence, Computational neuroscience, Machine learning, Ai

Summary

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This week, Future of Privacy Forum (FPF) Senior Counsel and Director of AI & Ethics Brenda Leong submitted a written statement on the use of artificial intelligence and machine learning-based applications in financial products and services.
Addressed to the House Committee on Financial Services Task Force on Artificial Intelligence, the statement explores how to protect AI and ML-based financial systems from the impact of undesired or unintended bias.
Financial services organizations have the responsibility, both legally and ethically, to treat their customers, whether other businesses or individuals, fairly and equally, wrote Leong.
The statement was submitted for the record of the Equitable Algorithms: Examining Ways to Reduce AI Bias in Financial Services hearing held by the Task Force on Artificial Intelligence on February 12.