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MAS to create 'fairness metrics' for AI and analytics adoption in financial services

Vivienne Tay

Vivienne Tay

Published Thu, May 28, 2020 · 09:50 PM
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Singapore

THE Monetary Authority of Singapore (MAS) will be developing "fairness metrics" in credit-risk scoring and customer marketing under the first phase of its "Veritas" initiative.

Veritas is a framework for financial institutions to promote the responsible adoption of artificial intelligence (AI) and data analytics.

Veritas consortium members United Overseas Bank and Element AI will develop the metrics on credit-risk scoring, …

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