Artificial intelligence (AI) and complex algorithms have become integral in credit decision-making processes
They have increased access to financial services in rural, urban, and under-resourced communities by 11% in 12 months
Viewed as a critical component of the roadmap to driving economic mobility and financial access for those most in need
Women usually favored for top HR roles, but less so for finance-related positions
New York City’s comptroller among 14 signatories to letter urging uptake of ESG and impact investing
Credit union joins nationwide network of specialized FIs serving low-income communities
The study also found significant differences in workers’ and directors’ views of DEI in the workplace
The forum will allow alternative investment institutions to collaborate and standardize guidance on DEI issues
Signatories will commit to six defining principles and annual progress reports
A paper published by the organisation also urged firms to consider DEI within their own teams