Sep 13, 2024 | Digital Transformation
In our response, ACCIS notes that credit reference agencies are exploring the use of AI to help lenders evaluate the creditworthiness of individuals and businesses, as well as to establish credit scores. We highlight that AI’s ability to analyse vast and complex...
Jan 16, 2024 | Digital Transformation
In this industry statement on the AI definition, a collaborative effort signed by ACCIS and various prominent industry financial services, we emphasize that traditional, statistical techniques used in credit scoring – e.g. logistic regression – warrant...
Oct 31, 2023 | Digital Transformation
In our feedback paper on the European Commission’s proposal on Financial Data Access (FIDA), we state that the proposed framework represents a positive step toward responsible and innovative financial services within the European Union. However, there are crucial...
Jul 5, 2022 | Digital Transformation
In our response to the European Commission’s targeted consultation on Open Finance, we state that Open finance should complement what exists and works well in the market today: it should add value to existing markets and systems for the sharing and reuse of financial...
Jan 31, 2022 | Digital Transformation
In our policy recommendations on the EU Act on Artificial Intelligence we provide an overview of the functioning of creditworthiness assessments (CWAs) and credit scores in relation to lending decisions (and other service provisions) and an analysis of the role that...
Nov 25, 2021 | Digital Transformation
In our response to the EBA public consultation on amending RTS on SCA and CSC under PSD2, ACCIS notes that a consistent number of difficulties both for account information service providers (AISPs) and for open banking final users’ come from the process of strong...
