IMPORTANT NOTICE: Scam emails, supposedly from MAS, have been sent to customers of moneylenders, asking for validation fees to be paid before loans are disbursed. MAS DOES NOT handle loan applications, nor collect validation fees or fees of any nature from the public. If you receive such emails, please DO NOT transfer any funds, and report the email to webmaster@mas.gov.sg.

MAS' Response to Covid-19

Learn about MAS' actions to support the Singapore economy and ensure the stability of our financial system amid the COVID-19 pandemic.

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    Published Date: 28 May 2020

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

    MAS announced that the first phase of the Veritas 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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