This SSCL sponsored event will be held on an online platform (zoom/teams) and will also have limited availability in person.
Chair:
Stephen Grant, Partner at Wright, Johnston & Mackenzie LLP
Speaker:
Dr Giuseppe Marino, Assistant Professor of Private Law, University of Strathclyde
About the event:
The advancing FinTech approach, leveraging alternative data and machine learning algorithms, can have a substantial impact on a key facet of a lender’s decision-making process in approving a loan: the assessment of the borrower’s creditworthiness. Large pools of “alternative data” gathered from social networks, “digital footprints”, mobile phones, or GPS data are being explored by FinTech startups and traditional retail lenders “going digital”. With the exploitation of artificial intelligence (AI), these lenders can generate numerous and often unanticipated correlations between such data and the likelihood of repayment.
The promise of AI-based credit scoring is to be “inclusive”, providing access to financial markets to borrowers with “thin files” or located in a “credit desert” zone. The peril is the unbridled misuse of sensitive data or, even more alarming, the discrimination of certain categories of borrowers caused by algorithm biases.
This backdrop significantly challenges data protection law, antidiscrimination law, sector-specific consumer credit regulation, and, not least, AI regulation. The main point of this discussion is to navigate through the intricate web of regulatory framework to achieve a balance between accurate creditworthiness evaluations and fairness considerations.
Event Programme:
17-17:05 Welcome address by the Head of Strathclyde Law School Prof. Adelyn Wilson
17:05 -17:10 Chair’s introduction
17:10 -17:40 Talk
17:40 -18:00 Q&A
18 -18:30 Networking buffet dinner
This event is organised by the Scottish Society for Computers and Law and University of Strathclyde, School of Law.
Administration Notes:
This event is free to attend and open to all. Please click here to book a place.
This event will be held on an online platform (zoom/teams) and will also have limited availability in person.
To join SSCL you must first join SCL.
SCL membership includes at least 6 copies of the SCL magazine “Computers & Law” plus notification of future SSCL meetings.
The cost of annual SCL membership including SSCL membership is £165.00.
If you would like more information about the SSCL please email the Society at mail@sscl.org.
Scottish Society for Computers and Law. A company limited by guarantee, Registered No. SC210310, Registered Charity No. SC030577, Registered in Scotland, Registered office: The Capital Building, 12-13 St Andrew Square, Edinburgh EH2 2AF.