• Daily News Headlines – 28 May 2020

    “Fairness Metrics” to Aid Responsible AI Adoption in Financial Services

    MAS News, 28 May 2020

    The Monetary Authority of Singapore (MAS) announced today that the first phase of the Veritas [1] initiative - a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA) - will commence with the development of fairness metrics in credit risk scoring and customer marketing. These metrics will help financial institutions validate the fairness of their AIDA solutions in the two use cases. More use cases will be identified in subsequent phases of the initiative.

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