Black Wealth Matters. AI Can Help Create It. Here’s How.

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by Melissa Lafsky
June 24, 2020 · 1 minute
by: Melissa Lafsky
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The protests sparked by George Floyd’s death have led to a focus on institutional racism and inequality that we’ve rarely, if ever, seen in corporate America. Business leaders are paying attention to race, which presents an unprecedented opportunity for change.

As a finance executive and entrepreneur, I’ve asked myself what role financial institutions should play at a moment like this. Beyond the obligatory statements of solidarity that #BlackLivesMatter, what can consumer lenders do to close the unjust gaps in our economic system and further the goal of racial equality?

I’ll tell you: lenders can update the methods they use to determine who gets access to credit and who doesn’t. Here’s how…

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