MAS launches framework to promote responsible AI
MAS to work with banks to fight potential biases introduced by AI tools
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
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