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Ethical and legal

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Question 1

Financial institutions are increasingly using automated machine learning models to assess creditworthiness, screen mortgage applications, and determine loan eligibility.

Discuss how algorithmic bias can affect the decisions made by these automated financial screening systems.

Your answer should consider:

  • the potential causes of algorithmic bias in credit-scoring models
  • the impact of this bias on individual applicants and socioeconomic equality
  • the methods available to reduce the risk of algorithmic bias in finance.
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Markscheme

Ethical and legal Questions

  1. GCSE
  2. /Computer Science
  3. /Ethical and legal

35 exam-style questions on Edexcel GCSE Computer Science Ethical and legal, covering Ethical and legal issues of personal data, Issues of AI, machine learning and robotics, and Intellectual property protection methods. Each one has a worked solution and a mark scheme showing where the marks go.

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