News Technology04 Jun 2019

Australia:AI raises concern over profiling for profit by insurers

| 04 Jun 2019

A legal centre for consumers has voiced concern that with the rise of AI in FinTech, there could be increased cases of consumers being 'profiled for profit' and the embedding of unfair and exclusionary price discrimination models into financial services including insurance, both of which have the strong potential to lead to increased economic inequality and financial exclusion.

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