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Credit Scoring, FinTech, and Consumer Loans: Why AI Scoring Models Do Not Replace the FICO Score

FICO – This white paper explains why AI scoring models do not replace the FICO Score. It delves into how proprietary and alternative scores are open to a wide range of vulnerabilities, from bias and fairness to accuracy and privacy. The paper explains how building scoring models with alternative unproven scoring elements carries increased risk across the spectrum of consumer lending and secondary asset-based markets.

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