Philippine Central Bank Issues AI Guidelines for Loan Decisions

The Philippine central bank (BSP) has released voluntary guidelines for banks and e-wallets using AI in decision-making, emphasizing the need for well-prepared data and human accountability.

14 Jul, 10:20 — 14 Jul, 10:20

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RapplerMostly Factual43d ago

Can AI reject your bank loan? What BSP’s ‘voluntary’ AI guidelines say

Banks and e-wallets may use AI to help make decisions, but the central bank says they must use 'well-prepared and well-representative' training data and keep humans 'ultimately accountable'

By Lance Spencer Yu

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Philippine Central Bank Issues AI Guidelines for Loan Decisions

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Can AI reject your bank loan? What BSP’s ‘voluntary’ AI guidelines say

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