ACCIS response to consultation on European Commission’s guidelines for an AI system definition
In our response, ACCIS argues that logistic regression (LR) is a simple statistical method distinct from artificial intelligence (AI) and should not be regulated as such under the AI Act. Unlike AI, LR lacks advanced capabilities like learning, reasoning, or complex...
ACCIS response to targeted consultation on AI in financial services
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...
Joint Industry Statement on AI Definition
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 regulatory...