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MAS creates AI framework to promote responsible adoption in financial industry

The Monetary Authority of Singapore has announced the creation of ‘Veritas’, a framework for financial institutions to weigh their artificial intelligence and data analytics (AIDA) solutions against the regulator’s AI ethical use principles. The creation of the Veritas framework was mentioned as part of Singapore’s National AI Strategy, which was revealed by the city-state’s Deputy Prime Minister Heng Swee Keat…

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