MAS to Develop Guidance on AI, Data Analytics Usage

[kreslik.news]

Artificial intelligence (AI) has been seen as a double-edged sword for virtually all industries. This includes the financial services industry, prompting the Monetary Authority of Singapore (MAS) to develop guidance, governing responsible use of AI and data analytics.

AI remains a divisive force given its limitless potential and departure from traditional mechanisms or the status quo. While many see this technology as the future, others see cause for concern. Given the potential for ethics breaches or any future abuse, MAS is working with key industry stakeholders to roll out a guide to help clarify the use of AI.

Clarification needed

A more unified ... (read more)