|
13 min reading
Automated credit decisioning without losing control: scoring, business rules, and auditability
Working as an IT manager on projects for financial institutions, I have often heard some version of this statement: “We want to automate decisions, but we need to know what the system based them on.” In recent years, that tension has become even more pronounced. On the one hand, there is growing pressure to process applications faster and increase the share of automated decisions. On the other, institutions still need to be able to trace and reconstruct how each decision was made. And since, in financial services, “faster” cannot mean “we don’t know why,” how can institutions implement automated credit decisioning without creating a black box?
Kamil Kopeć
