The Times - If computer says no to mortage, it may not be right, warns FCA
Britain’s biggest banks and building societies are in danger of becoming too reliant on computers to decide who should be acceptable for a mortgage, the Financial Conduct Authority has warned.
Aaron Strutt, of Trinity Financial mortgage brokers, said that most industries were becoming more reliant on computers and robo-advice, but “the FCA are saying we need to be doing more work on this”.
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