Policy & Ethicsalternative datacredit scoringfintechregulation
UAE Central Bank Guides Banks On AI
7.2
Relevance Score
The UAE Central Bank is issuing guidance to financial institutions on responsible artificial intelligence use, urging representative training data and oversight to prevent bias. Industry experts note AI can incorporate alternative digital footprints—such as Netflix subscriptions and phone bills—to deepen credit assessments but risk amplifying historical discrimination. They recommend human-in/on/out-of-loop controls and warn fintech innovation may outpace regulators.


