With the market value of Artificial Intelligence in fintech estimated to hit $26 billion, the computational arms race is on. And that’s just in fintech where the latest innovations are in rapid customer evaluation to improve access to finance.
South African data science specialists NGA has been a market leader in risk assessment through its RiskSecure anti-money laundering solution for the finance industry, making company CEO Mark Germishuys a great source of information for AI-related decision making.
“When NGA first started playing with data, we made a decision to ensure that our models used ethical AI,” he explains.
“We started small, so we know that most SMMEs can’t afford to do big data research. That’s why we built one of the biggest AI services on the continent.”
Companies as big as Goldman Sachs, Google and Amazon have faced financial and reputational damage when obvious bias was discovered in the AI tools used for credit allocation and hiring.
Continue reading: https://ventureburn.com/2022/03/how-to-choose-an-ai-partner-for-your-business/
South African data science specialists NGA has been a market leader in risk assessment through its RiskSecure anti-money laundering solution for the finance industry, making company CEO Mark Germishuys a great source of information for AI-related decision making.
“When NGA first started playing with data, we made a decision to ensure that our models used ethical AI,” he explains.
“We started small, so we know that most SMMEs can’t afford to do big data research. That’s why we built one of the biggest AI services on the continent.”
Companies as big as Goldman Sachs, Google and Amazon have faced financial and reputational damage when obvious bias was discovered in the AI tools used for credit allocation and hiring.
Continue reading: https://ventureburn.com/2022/03/how-to-choose-an-ai-partner-for-your-business/
