Banking · Emerging Technology Trends in Banking

The ethical challenge posed by the increasing use of Artificial Intelligence (AI) in credit scoring and lending decisions is primarily related to:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The lack of global regulation on cloud computing.
2The reduction in the bank's profitability.
3The possibility of algorithmic bias leading to unfair discrimination in lending.✓
4The speed of the lending decision.

Correct answer

The possibility of algorithmic bias leading to unfair discrimination in lending.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Emerging Technology Trends in Banking?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Banking · Emerging Technology Trends in Banking

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Related Practice Questions