SINGAPORE (April 2): The Monetary Authority of Singapore (MAS) is working with key stakeholders in the financial industry to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions.

The industry is increasingly adopting AI and data analytics to better serve customers. Howeever, despite its potential to transform the financial industry for the better, these technologies can also potentially be misused, MAS says.

The regulator says the guide will set out key principles and best practices for the use of AI and data analytics, helping financial institutions to strengthen...(click on link for full story on theedgesingapore.com)