MAS launches framework to promote responsible AI

Artificial intelligence

The Monetary Authority of Singapore (MAS) has launched two programmes to promote the responsible adoption of artificial intelligence and data analytics for financial institutions.

The two projects are aimed at developing fairness metrics in credit risk scoring and customer marketing, helping financial institutions validate their data-based systems, the MAS said in a statement on May 28.

The two use cases are the first phase of the MAS’s Veritas initiative, a framework to prevent systematic

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: http://subscriptions.centralbanking.com/subscribe

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: