Experian's tech chief defends credit scores. The company collects data on consumers. Experian is a global data and technology company. It helps consumers and businesses make financial decisions and protect their data and identities.
The Core Product
Experian maintains a big database of information about people, mostly about their credit. The database is used by mortgage lenders and car insurance brokers. Alex Lintner, the CEO of technology and software at Experian, says the company applies data analytics and AI to turn complex data into easy-to-understand, actionable guidance.
AI Oversight
Experian uses AI to embed governance and explainability into its systems. The company also uses AI for risk assessment and predictive financial modeling. AI systems are inherently risky, and Experian is working to ensure that its AI systems are fair and transparent. The stakes are high, and Experian's reputation relies on its ability to handle consumer data responsibly. Experian will continue to develop its AI capabilities. Source: The Verge AI