A program spearheaded by the World Bank that uses algorithmic decision-making to means-test poverty relief money is failing the very people it’s intended to protect, according to a new report by Human ...

Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...

The nation’s second-largest lender said it would be the first bank to integrate sophisticated fraud detection systems with its digital payment platforms to help customers identify potential scams ...

The banking major will add ‘friction’ to its digital payment processes in an Australian banking first that seeks to protect customers and itself against fraud. The nation’s second-largest lender said ...

Can computers make better decisions than humans? One tech firm says they already do when it comes to lending money. Wonga.com is a short-term lending Web site that uses an algorithm and thousands of ...

New York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign-exchange rates, a person with knowledge of the ...