Covid-19 highlighted machine learning model limits – BoE research

Machine learning

Covid-19 has had a negative impact on machine learning model performance at over a third of banks in the UK, the Bank of England has found.

The BoE conducted a survey of 32 UK banks in August 2020 to understand the impact of the pandemic on their machine learning models and use of data science.

While machine learning models have proven useful for anti-money laundering processes and financial inclusion, they tend to underperform when applied to situations which have not been encountered before

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: