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 ...
New study from King’s Business School at King's College London and the Federal Reserve Board shows most credit-limit increases are automated, targeting borrowers already in debt. As shoppers across ...
Here is a ‘greedy’ algorithm to maximize overdraft fees for bank transactions Reorder outstanding transactions so that those with larger amount appear first Process the transactions in the order so ...