THE USE OF ARTIFICIAL INTELLIGENCE IN ASSESSING A BANK CUSTOMER’S DEBT CAPACITY
THE USE OF ARTIFICIAL INTELLIGENCE IN ASSESSING A BANK CUSTOMER’S DEBT CAPACITY
Author(s): Antonina ChłopeckaSubject(s): Financial Markets, ICT Information and Communications Technologies
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: artificial intelligence; algorithms; creditworthiness; banking law; banks
Summary/Abstract: The purpose of this article is to discuss the issue of financial institutions, and especially banks, using artificial intelligence algorithms to assess the debt capacity of their potential borrowers. The author presents the view that the regulations currently in place are insufficient. In particular, there are no provisions in place to sufficiently protect the interests of bank customers. Additionally, the author considers what claims bank customers could have in the event that an algorithm made an incorrect assessment of their creditworthiness.
Journal: Studia Iuridica
- Issue Year: 2023
- Issue No: 101
- Page Range: 73-87
- Page Count: 15
- Language: English
