Part 11/12:

To mitigate this, the research team emphasizes understanding data biases, developing guidelines for equitable model training, and aligning AI outputs with regulatory standards. They advocate for collaborative efforts with regulators to adapt policies that accommodate AI-driven tools, fostering innovation without compromising fairness.

The Path Forward: From Research to Real-World Impact

The overarching goal is to empower financial institutions to leverage AI for greater inclusion. Crucial steps include:

• Collaborating with regulators to establish standards and guardrails.

• Guiding banks and lending agencies to adopt these models responsibly.

• Ensuring that technology complements human judgment rather than replacing it entirely.