Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...
US bank JPMorgan Chase has returned to advertising on YouTube only after developing its own algorithm that ensures its ads are not placed around questionable content. The tool was built by the bank’s ...
A program spearheaded by the World Bank that uses algorithmic decision-making to means-test poverty relief money is failing the very people it’s intended to protect, according to a new report by Human ...
Banks have access to vast new troves of data, such as social media feeds, that they have to learn how to use in their marketing and sales efforts or risk losing share to other institutions that are ...
Can computers make better decisions than humans? One tech firm says they already do when it comes to lending money. Wonga.com is a short-term lending Web site that uses an algorithm and thousands of ...
New York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign-exchange rates, a person with knowledge of the ...