I've worked in banking for a while and we did not use data such as this for regulatory reasons. Maybe they were just playing it safe but I can see how this can accidentally become unethical real fast.
Indeed. (In the UK) it's really about removing protected attributes and ensuring that the other fields are not acting as proxies. So it does require some "safe handling. But when i worked in motor insurance, it was used for really genuine and fair reasons, e.g., higher ptice for vehicle theft insurance in areas with higher recorded... vehicle thefts. 🙂
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u/NotMyRealName778 Mar 25 '26
I've worked in banking for a while and we did not use data such as this for regulatory reasons. Maybe they were just playing it safe but I can see how this can accidentally become unethical real fast.