Читать книгу Data protection for the prevention of algorithmic discrimination - Alba Soriano Arnanz - Страница 17

In the United States, credit-reporting agencies have, for a few decades now, been collecting information on consumers. This data is then used by all kinds of firms in order to determine their eligibility for, amongst other things, jobs, loans or insurance.88 For example, information on whether a loan applicant has paid her bills in time over the past few years, has any other form of debt, has a savings account and any other relevant details is collected in order to draw a credit profile for the individual.89 The resulting information is then compared to reports on other individuals with similar profiles and the applicant’s creditworthiness score is determined.90

The amount of information which is currently available makes it possible for firms to score individuals based not solely on their finances but also on many other elements which in theory allow for the creation of more accurate scores that can be adjusted depending on the objective at hand,91 thereby expanding the role of automated decision-making in all sectors.