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MAS publishes AI risk management toolkit for Singapore financial sector

Singapore skyline
The toolkit includes a handbook and a compilation of case studies. Photo: Lionel Ng/Getty Images.

Hameed Shuja

2 min read
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The toolkit is a result of Project MindForge, launched by MAS in mid-2023, to strengthen AI risk management for financial institutions.

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has announced the publication of an Artificial Intelligence (AI) Risk Management Toolkit for the region’s financial services sector. The toolkit is developed through joint collaboration between 24 leading banks, insurance companies, capital market firms, and other industry partners.

MAS has said the

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