Studia Iuridica

THE USE OF ARTIFICIAL INTELLIGENCE IN ASSESSING A BANK CUSTOMER’S DEBT CAPACITY

2023, 101, No. 1

Antonina Chłopecka

0000-0003-3042-4747

DOI

10.31338/2544-3135.si.2024-101.5

Publication date

29.02.2024

Publishing model

open access

License type

CC BY 4.0 Int.

Field

Law

Discipline

law

Language of publication

English

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Article

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Number of downloads:36

Crossref citations:0

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Abstract

The purpose of this article is to discuss the issue of financial institutions, and especially banks, using artificial intelligence algorithms to assess the debt capacity of their potential borrowers. The author presents the view that the regulations currently in place are insufficient. In particular, there are no provisions in place to sufficiently protect the interests of bank customers. Additionally, the author considers what claims bank customers could have in the event that an algorithm made an incorrect assessment of their creditworthiness.

Keywords:

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