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A financial firm uses AI to approve loans. What combined approach best avoids AI misuse in this scenario?

hard📝 Application Q9 of 15
AI for Everyone - Building an AI-First Mindset
A financial firm uses AI to approve loans. What combined approach best avoids AI misuse in this scenario?
ALet AI approve all loans automatically
BUse AI for initial risk assessment, then human review for final approval
CUse only humans for all loan decisions
DIgnore AI and automate with spreadsheets
Step-by-Step Solution
Solution:

  1. Step 1: Identify risks of AI-only loan approval

    AI alone may miss context or introduce bias in loan decisions.

  2. Step 2: Recommend combined approach

    Using AI for initial checks and humans for final decisions balances speed and judgment.

  3. Final Answer:

    Use AI for initial risk assessment, then human review for final approval -> Option B

  4. Quick Check:

    Combine AI and humans for best results [OK]
Quick Trick: Combine AI speed with human judgment [OK]
Common Mistakes:
  • Relying solely on AI
  • Ignoring AI benefits
  • Using outdated manual methods only

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