Singapore government’s Monetary Authority of Singapore (MAS) launched the Global Veritas Challenge to promote the adoption of artificial intelligence (AI) solutions in the financial sector
The challenge aims to accelerate the development of Artificial Intelligence and data analytics solutions that adhere to the Veritas framework’s fairness, ethics, accountability, and transparency (FEAT) principles. The FEAT principles were developed in 2018 by MAS and the financial industry to strengthen internal governance around the use of AI and data management and use.
