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MAS steers debate on ethics of AI, Big Data; kicks off industry consult

Intel from sector likely to shape regulatory guidelines amid rising use of AI and machine learning by financial institutions

AI and machine learning can help boost financial institutions' compliance and business, but they also carry predatory or financial exclusion risks that may come with using predictive analytics.


THE Monetary Authority of Singapore (MAS) is seeking intel from the financial industry on potential ethical pitfalls in the use of artificial intelligence (AI) and data analytics - with such consultation likely to lead to regulatory guidelines in this nascent space, The Business...

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