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hegemony

Kabbage secures $200M to fuel its AI-based loans platform for small businesses

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Good for them. Unlike consumer loans where AI cannot be used for legal reasons, Kabbage has many fewer constrains for business loans. And the amount of data going into the AI maw may provide far better results than depending on the limited, FCRA restricted, data from CRA reports and the traditional, "judgment factor' that goes into commercial loans.

 

There may be issues using this approach if it produces negative disparate impact on protected groups if Kabbage becomes a major player. Consumer lending, FICO scoring, etc. already do a lot of work to prevent disparate impact but teaching a neural network and validating it is something else again.

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