I’m pretty sure that despite the fact that statistical models are used in credit scores, those models are subject to regulatory review. For example, I’m pretty

I’m pretty sure that despite the fact that statistical models are used in credit scores, those models are subject to regulatory review. For example, I’m pretty sure a “black, therefore, no loan” algorithm is illegal, regardless of whether that parameter was learned or programmed. It’s a huge problem in some of these models that latent racism can bubble up into a putatively unbiased algorithm. In some industries, including finance, I think that can expose to some regulatory risk, hence explainability being quite helpful.