WEF | What if extreme weather froze your bank account?
According to a WEF report (https://www3.weforum.org/docs/WEF_Technology_Innovation_and_Systemic_Risk_2021.pdf) titled 'Beneath the Surface: Technology-driven Systematic Risks and the Continued Need for Innovation' these are the key mitigation applications for their hegelian dialectic operation:
•Greater adoption of alternative credit scoring (ACS) mechanisms can improve the accuracy
of product suitability assessments by providing an alternative to one-dimensional credit histories
•With algorithms increasingly supporting financial services players in product decision-making,
fairness needs to be embedded in every step of the process.
•Biometric-based identity solutions can complement federated digital identity schemes, offering
greater financial services accessibility and security.
'What other non-technology-driven systematic risks within financial services can technology play a role in mitigating (e.g. financial fallout, clinate change)?
As always TELL you.
https://t.me/No_BS_NewS/68112