07 May '18, 4am

MAS teams up with EDB, IMDA and IBF to speed up AI adoption in Singapore's financial sector

MAS teams up with EDB, IMDA and IBF to speed up AI adoption in Singapore's financial sector

THE Monetary Authority of Singapore (MAS) announced it is teaming up with the trio of the Economic Development Board (EDB), Infocomm Media Development Authority (IMDA) and Institute of Banking and Finance (IBF) to accelerate the adoption of artificial intelligence (AI) in Singapore's financial sector. The quartet aims to foster a "thriving AI ecosystem" and jointly facilitate research and development of new AI technologies and the adoption of AI-enabled products, services and processes for the financial sector. Their efforts will be along three key thrusts: develop AI products, match users and solution providers, and strengthen AI capabilities. EDB's participation will give a leg up to MAS's Artificial Intelligence and Data Analytics (Aida) programme by providing support for AI solution providers locally and globally to create new AI products and services for Singapore’s f...

Full article: https://www.businesstimes.com.sg/government-economy/mas-t...

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