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

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MAS CFO Sopnendu Mohanty hopes Veritas will speed up the adoption of AI in financial services.

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...

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