Apple Card: why they say the credit card of the tech giant is sexist


Apple Card was born as something revolutionary, with a physical version of the card made of titanium and without number or signature

The public body that regulates Wall Street has opened an investigation against
        
Manzana
        
 After being accused of offering much higher credit limits to men than to women with their credit card
Apple Card

According to Twitter statement David Heinemeier Hansson, an influential dans developer, the tool "is fucking sexist."

"My wife and I make joint tax returns, we live in a shared property and have been married for a long time. However, the
Apple's algorithms believe that I deserve a credit limit 20 times greater than her. "

The tweet in which he said it accumulates more than 20,000 reactions and was shared thousands of times.

He is not the only one who has that complaint about Apple Card.

Steve Wozniak himself, co-founder of Apple, said the same thing happens with his wife and said that the algorithms used to set limits may have an inherent bias against women.

"The same thing happened to us," he said in response to that tweet. "I got up to 10 times more credit limit. We have no accounts, no credit cards, or separate assets."

Wozniak said he finds it difficult to find a person to help him "correct" the problem.

The New York State Department of Financial Services (DFS), a public agency in charge of regulating the services and products of banks, insurance companies and the like, contacted Goldman Sachs, the banking giant which issues the card.


Steve Wozniak and his wife Janet Hil in a recent photoSteve Wozniak and his wife Janet Hil in a recent photo

The company, which is also one of the largest investment groups on the planet, publishes a press release in which it says: "We will not make or take decisions based on factors such as gender."

He also said that Apple Card credit accounts work "individually" and that each case "is independently assessed."

More and more banks and lenders use machine learning technologies to reduce costs and boost loan applications.

Hansson, who created the Ruby on Rails programming tool, said that algorithms, not just people, are capable of discriminating.

In his tweet he also explained that when he raised the issue, his wife's credit limit increased.

DFS said in a statement that any discrimination, whether intentional or not, "violates the laws of New York" on insurers, banking and financial services.

The agency said that with its research it aims to "ensure that all clients are treated fairly regardless of their sex."

It is not the first case in which it is inquired about technology that is indicated as discriminatory.

The United States Group health care giant in the United States is also being investigated by DFS due to complaints about an algorithm that would favor white patients against blacks.


If you are a woman, your credit limit with the Apple Card is up to 20 times lower than if you are a man, some users complainedIf you are a woman, your credit limit with the Apple Card is up to 20 times lower than if you are a man, some users complained

The BBC contacted Goldman Sachs, but got no response.

On Saturday, the investment bank told Bloomberg that its "credit decisions are based on the creditworthiness of a client, and not on factors such as gender, race, age, sexual orientation or any other aspect. prohibited by law. "

Apple Card was launched in August and is the company's first credit card, which has been offering products such as loans and credit accounts through its online banking Marcus.

For its part, the company behind the iPhone says on its website that Apple Card is "a new type of credit card created by Apple, and not by a bank."

The company has not yet officially ruled on the controversy surrounding its innovative card.

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. Apple Card: why they say the credit card of the tech giant is sexist – LA NACION

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