Recognizing the need to prevent the algorithmic bias perpetuated by AI, particularly in financial services and other sensitive industries related to ours, we are committed to developing and implementing a comprehensive policy around the ethical use of AI and ML that uphold individual and community consent, data autonomy and privacy, and respect for human agency and dignity.
Therefore, PCV strictly adheres to the six core principles:

1. The benefits of the AI use must minimize the harm and must never harm any particular group or individuals disproportionately.
2. The AI system we use must have been trained on demographically disaggregated data to prevent discrimination or disproportionate harm.
3. The AI system must never be used to discriminate against or exclude individual customers or groups of people.
4. In the use of AI, we must prioritize and safeguard clients’ and customers’ privacy and data rights to protect data from abuse or monopolization and to ensure we are abiding by loan-level privacy legislation as a CDFI.
5. We must use AI only to inform and support human analysis and decision-making and not as an unsupervised or autonomous system.
6. We will not use autonomous AI to make lending decisions or other decisions of consequence without a change to this policy and CEO approval.