Measuring Fairness in Financial Transaction Machine Learning Models

Mastercard, a global leader in financial services, develops and deploys machine learning models aimed at optimizing card usage and preventing attrition through advanced predictive models. These models use aggregated and anonymized card usage patterns, including cross-border transactions and industry-specific spending, to tailor bank offerings and maximize revenue opportunities. Mastercard has established an AI Governance program, based on its Data and Tech Responsibility Principles, to evaluate any built and bought AI for efficacy, fairness, and transparency. As part of this effort, Mastercard has sought expertise from the Turing Institute through a Data Study Group to better assess fairness in more complex AI/ML models. The Data Study Group challenge lies in defining, measuring, and mitigating fairness in these predictions, which can be complex due to the various interpretations of fairness, gaps in the research literature, and ML-operations challenges.

TsFeX: Contact Tracing Model using Time Series Feature Extraction and Gradient Boosting

With the outbreak of COVID-19 pandemic, a dire need to effectively identify the individuals who may have come in close-contact to others who have been infected with COVID-19 has risen. This process of identifying individuals, also termed as 'Contact tracing', has significant implications for the containment and control of the spread of this virus. However, manual tracing has proven to be ineffective calling for automated contact tracing approaches. As such, this research presents an automated machine learning system for identifying individuals who may have come in contact with others infected with COVID-19 using sensor data transmitted through handheld devices. This paper describes the different approaches followed in arriving at an optimal solution model that effectually predicts whether a person has been in close proximity to an infected individual using a gradient boosting algorithm and time series feature extraction.