THE BIG BRAIN IN THE BLACK BOX: AI, machine learning and alternative data are helping banks and nonbanks alike make faster decisions and expand access to credit. While fair lending concerns about 'black boxes' have impeded wider adoption of these technologies, the regulatory environment is shifting

Artificial intelligence, machine learning and alternative data are increasingly touted for improving fraud detection, compliance, credit underwriting and banking operations in general. For credit underwriting, AI and alternative data may [...]