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 scrutiny only when employed in conjunction with machine learning approaches within hybrid systems, as opposed to when used in isolation. The statement is part of a campaign by the co-signatories to contribute to a more precise understanding of the technologies shaping the financial landscape.