what you described is just data driven business decision. Not really anything to do with racist.

if we follow your logic, then are they also ageist? sexist?

racist is when despite the data showing that certain profile is better, but decide to go against it, just because the profile is of certain race, due to personal racial preference.

that's not what you described here.

Yes, Currently decision making in many companies especially MNCs are more data driven.

Big data is available for data analyst to find correlation between various factors and the borrowing risk, probably race is just one of the factors that could be correlated to the borrowing risk.

Banks are doing business, they are always targeting max profit with lowest risk. there is no reason for them to go against certain races if the data shows their risk is low

I meant very strictly here I don't mean any racist post and I do not want to see anyone simply commenting racially.


Title says "Banks are racists .."

Why you suprise ts?

They even will not approve your home loan if your below certain age eventhough earn good income.

Must have parents or spouse as joint owner/bank loan guarantor.

Can we say thise banks hold negative presumption on young ppl taking new commitment?

Its all based on their ongoing big data statistic

This post has been edited by max_cavalera: Dec 24 2021, 11:43 AM

applicable to Bank islam, bank muamalat, bank rakyat too?

Ayam doubt it is the case, according to what I heard indian rank the lowest in term of credit worthiness

Malays in terms actually quite good due to % as civil servant and GLC employees

Is not being racistc, such is what the data indicates

Even in crime police use this method to profile suspect

Data is a good guidance tool but not a definite indicator

In short, we are generalising our target to save us time and money

No such thing as tamil race.. It's Indian.. Typical Singh who thinks punjab is in pakistan

TS betui, tapi if i open a bank i will use the same concept.

It's call ROI or ROL etc in doing business. Apa salah think of profit for business.

Takkan nak buat business rugi? Itu bodo dipanggil...

You think bank is house of charity?

I got approached by std chartered promoter chinese girl very polite n ok je. But i know la some team lead got the prefer chinese sohai attitude but got one chinese girl promoter last time in gardens quite good attitude and friendly took time to explain the product.

I only not hepi with citibank

Bro they have to safe guard their ass la. I against racist mofos.

But you see there is a data driven pattern of good pay master vs sohai. Say 10 race a b n c buy car. A 1 monkey default, B 3 monkey default n C 7 monkey default. So the risk is getting higher and higher. Meaning if C got 7 default bank lose shit tonne of money n headache for C vs A. A good analyst can do more due dilligence to justify but most will close eyes

Like my ctos score is 780, never default 2 out of 3 international bank approve me minus one sohai bank. So many things these farkers look at not just race.

It’s the data that suggest that risk is higher with certain races.
What can u say about that? If it is true that Malays are poorer economically compared to the Chinese, then is it racist to suggest that the risk is higher?
Why NEP u don’t complain racist then since nep exist because data shows economic inequality btw races years ago? It’s only racist when it impacts your own race is it?

Itu data. You know if wanna talk about race in finance topic
How about make asb for all?

This post has been edited by Pugface: Dec 24 2021, 02:48 PM

If its a western country and they have official doc/training to perform this sort of filtering, its probably a big hoo-hah. As you can see from the response here, Malaysian is pretty 'dark' (even if they are in the category that is in the receiving end).

"the data in BNM"... you yourself wrote this TS.

Race based on data is not racism. Saying that it's racist actually shows that u are the racist, TS. U are disputing fact using race as a cloak, so isnt it u who is racist?

Yea, Statistics is damn racist. How dare they!!!!

Statistics is what it is. Only humans can be racists.

Nice necro

lol. yourself statement show racist. Doest it have to point each race issue?

According to Dr Jason Leong, Malaysia is a multi racist country