The latest business and finance news from around the world, on the BBC.
Big Boss Interview is where the most high-profile chief executives and entrepreneurs come to give you their insights and experiences of running the UK's biggest and well-known businesses. The series is presented by Sean Farrington, Felicity Hannah and Will Bain, who you'd normally hear presenting the business news on BBC Radio 4's Today programme as well as BBC 5live's Wake Up To Money. Each week they'll be finding out just what it takes to run a huge organisation and what the day to day challenges and opportunities are. A new episode will be dropping every Friday morning, and you can get in contact with the team that makes it by emailing bigboss@bbc.co.uk
What would you do if you were suddenly cut off from all your bank accounts? You can’t pay for anything, and you can’t really get answers as to why it happened. And how would you feel if you found out that the decision to cut you off from your money was in part made by an algorithm?
Banks have to use automated systems to monitor their transactions and customers to fight against money laundering and financing of terrorism. But sometimes, those systems go wrong, leading to people’s bank accounts being blocked or closed. That is happening to a lot of customers across Europe : small business owners, NGOs, religious organisations, migrants, political refugees... Even politicians. There could be thousands of victims, according to data released in some countries.
This phenomenon is called de-banking. It can happen through a semi-automated decision-making process involving algorithms and Artificial Intelligence. When mistakes are made by these systems, they are called “false positives”.
False positives – a podcast series produced by AlgorithmWatch and the international news agency Agence France-Presse – will take you on a journey across Europe. From Spain, to France and the UK, from Turkey to Germany and Poland, we talked to those who battled to have mistakes overturned, and industry insiders who’ll lift the lid on how and why this is happening.
Host : Alex Cadier
Editing by Camille Kauffmann
Music is by Nicolas Vair
Reporting and research by Pablo Jimenez Arandia, Naiara Bellio, Nicolas Kayser-Bril Yasir Gökce, Mayra Russo, Mathilde Saliou for Algorithm Watch; Benoît Pelegrin, Burcin Gercek and Michaëla Cancela-Kieffer for AFP.
Editors in chiefs: Naiara Bellio, for AlgorithmWatch and Michaëla Cancela-Kieffer for Agence France-Presse.
This podcast was based on a six month investigation conducted in the framework of the AlgorithmWatch Algorithmic Accountability Reporting fellowship. AlgorithmWatch is a non-profit organization based in Berlin and Zurich that fights to ensure that use of algorithms and Artificial Intelligence benefits the many, not just the few.
Agence France-Presse, is a leading global news agency present in 150 countries. It contributed with additional research and fact-checking in the UK, France and Turkey, as well as the production of the podcast.
Hosted on Acast. See acast.com/privacy for more information.
Join The Economist’s Mike Bird, Alice Fulwood and Ethan Wu for award-winning reporting and discussion on the stories that move markets. They speak to top bosses, investors and analysts around the world for unmatched insight into global finance, business and economics. Published every Thursday.
If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.
For more information about Economist Podcasts+, including how to get access, please visit our FAQs page at https://myaccount.economist.com/s/article/What-is-Economist-Podcasts.
Hosted on Acast. See acast.com/privacy for more information.
The Economics Show with Soumaya Keynes is a new weekly podcast from the Financial Times packed full of smart, digestible analysis and incisive conversation. Soumaya Keynes digs deep into the hottest topics in economics along with a cast of FT colleagues and special guests. Come for the big ideas, stay for the nerdery.
Soumaya Keynes is an economics columnist for the Financial Times. Prior to joining the FT she worked at The Economist for eight years as a staff writer, where as well as covering trade, the US economy and the UK economy she co-hosted the Money Talks podcast. She also co-founded the Trade Talks podcast.
Hosted on Acast. See acast.com/privacy for more information.
Hosted on Acast. See acast.com/privacy for more information.
