Identifying Risk Assessment Scenario Biases

Maximize the effectiveness of your data

Financial services organizations have numerous departments that collect data to help them make better decisions on how to run their departments. Even with anti-discriminatory policies in place, it is important for department leaders and their staff to understand potential biases that can be encountered when reviewing risk assessment data that could lead to discriminatory behavior when implementing new plans.

BAI has put together a data sheet to help businesses understand the most common risk assessment scenarios and their respective key metrics that are gathered and create policies to help identify and address those risks including:

• Strategic marketing initiatives
• Profitability and cost optimization
• Fair lending
• Fraud detection and analysis
• And more

To learn more about avoiding biased decision making during key risk assessment activities, download BAI’s article "Identifying Risk Assessment Scenario Biases" today!