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 ...

After an Apple Card user tweeted about discrepancies between his and his wife's credit limits, an investigation was launched. But are there deeper issues with the use of algorithms?

To be approved for a credit card or limit increase, banks often check your payment history, income and credit score. Software developer David Heinemeier Hansson exposed these issues on Twitter when he ...

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 ...

According to a new report by the Human Rights Watch, an algorithmic welfare distribution system for Jordan, funded by the World Bank, unfairly and inaccurately quantifies poverty. An algorithm funded ...

BMO has filed a provisional patent on a quantum algorithm for seismic forecasting, and is sending mobile branches to wildfire zones with AI dispatch. The bank says it is the future of risk. Banks are ...