Friday, November 8, 2019

November 8, 2019 - Focus on risk profile of customers as online credit purchases grow

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TradeBriefs Editorial

From the Editor's Desk

How Machine Learning Pushes Us to Define Fairness

Bias is machine learning's original sin. It's embedded in machine learning's essence: the system learns from data, and thus is prone to picking up the human biases that the data represents. For example, an ML hiring system trained on existing American employment is likely to "learn" that being a woman correlates poorly with being a CEO.

Cleaning the data so thoroughly that the system will discover no hidden, pernicious correlations can be extraordinarily difficult. Even with the greatest of care, an ML system might find biased patterns so subtle and complex that they hide from the best-intentioned human attention. Hence the necessary current focus among computer scientists, policy makers, and anyone concerned with social justice on how to keep bias out of AI.

Continued here

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Ecommerce
Focus on risk profile of customers as online credit purchases grow

Fintech firms and lenders are banking on new sets of customer data to expand the scope of their lending services.With the economy growing at the slowest pace in six years, both Flipkart and Amazon have banked heavily on EMIs, and other forms of pre-approved credit purchases


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Digital
Brainchild of former Citrus Pay execs, EnKash gives 'freedom' to credit to startups, SMBs

EnKash allows startups and SMBs to manage purchase orders, invoices, and enable and track payments to suppliers or from buyers.


Digital
Now, WhatsApp allows small businesses to share product catalogs with users

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Franchise
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HR
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Logistics
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Construction
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India's justice delivery system has serious gaps, shows report
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Amit Shah Meets BJP Leaders To Finalise Candidates For Jharkhand Polls
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