Babylon Bandwidth III - FinTech, Censorship & Surveillance

 


A post on the International Monetary Fund’s website calls for a significant shift in how credit scores are assessed. Instead of being based on traditional metrics, the IMF believes banks should begin incorporating additional information, including your browser history.

The rise of fintech services and cryptocurrencies have changed modern banking in a number of ways, and banks face an increasing number of challenges as various third-party payment processors interpose themselves between financial institutions and their traditional customers. The credit scoring systems used broadly in the US and Europe are based on so-called “hard” information... ie: bill payments, pay stubs, and how much of your current credit limit you are tapping.

Recent IMF research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods (in tracking an individual's credit worthiness)...

Read the full article at... ExtremeTech

The following bonus blipvert is from Adbusters' managing editor and co founder Kalle Lasn, commenting on Truth, Censorhip and Surveillance...



The fact that non-bank financial institutions (want to use) some of this data (or already are using it) is not a reason to allow it. It’s a reason to stay as far away from said organizations as possible. AI is not ready for this. Our privacy laws are not ready for this. The consistent messaging from reputable, sober researchers working in the field is that we’re nowhere near ready to turn such vital considerations over to a black box. The authors who wrote this paper may be absolute wizards of banking, but their optimism about the near-term state of AI networks is (at best) misplaced.


Babylon Bandwidth I  ~  Babylon Bandwidth II




Comments

Anonymous said…
Heliofant.com
Jack Heart said…
In regard to multiple anonymous postings, of late... on a variety of topics... I would remind us all of the second commandment of the conspiracy age...

"Don't Believe Everything You Think!"
Jack Heart said…
Anony...
Your use of alt-right catch-phrases, and your not-so-subtle ethnic slurs, indicate that you may have been victim to some type of mind control/programing operation. Perhaps by a religious cult?

I suggest that you seek de-programing assistance. Good luck...
Jack Heart said…
PS - I did like the conehead reference...
Lumenar said…
Is it too late to leave a comment here? I may be able to help explain what Anonymous's comment from August 27 was about. The idea of beast's marks from the Book of Revelations as gene splicing is an idea that emerged after the mark was said to be microchips in the 1990s replacing bar code tattoos the mark was said to be in the 1980s.
http://www.universe-people.com/english/svetelna_knihovna_proticipove_zdroje_en.htm
William Henry wrote a book about this and talked about it on radio.
https://www.williamhenry.net/skingularity/
https://www.coasttocoastam.com/show/2021-02-09-show/
The mark was coinage stamped with the Roman Emperor's profile.
http://www.truthorfables.com/Mark_Of_The_Beast.htm
The part about a cone headed hybrid bloodline was not a reference to the comedy sketches, movie, and insurance commercial, but instead refers to online theories about elongated skulls, Ancient Egyptian crowns, and Papal hats. Online videos show pictures of bankers, popes, and princes as modern examples.
https://www.ebaumsworld.com/videos/homo-capensis-the-second-species-rulers-of-the-planet/86140611/
https://mysteriesrunsolved.com/2021/01/homo-capensis.html
https://exopolitics.org/discovery-of-flash-frozen-antarctica-civilization/
Perhaps the cult operation is part of anti-Semitic militia movements.
Jack Heart said…
Well THAT explains it!

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