Monographs/Information Papers
Implementation of Fairness Principles in Financial Institutions' Use of Artificial Intelligence / Machine Learning
MAS conducted a thematic review on selected financial institutions’ (FIs) implementation of Fairness Principles in their use of Artificial Intelligence / Machine Learning (AI/ML). The paper highlights observations from the review of the FIs’ policies and governance frameworks to meet the Fairness objectives under the FEAT Principles, and their implementation effectiveness in actual AI/ML use cases. It sets out MAS’ recommendations, good practices and illustrative examples observed from the review.
Related Publications
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Monographs/Information PapersPublished Date: 16 November 2023
Orchid Blueprint
Orchid Blueprint sets out the technology and infrastructure building blocks that would be required to facilitate digital money transactions in the future. The blueprint incorporates learnings from the Project Orchid industry trials and industry engagements.
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Monographs/Information PapersPublished Date: 15 November 2023
Interlinking Networks
This whitepaper was jointly developed in collaboration with the Financial Industry, FinTechs and Industry Groups. It proposes a common model for linking digital asset networks implemented on diverse ledger technologies and describes common archetypes for the issuance, distribution and transfer of digital assets and...
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Monographs/Information PapersPublished Date: 31 October 2023
Interoperable QR Payments in Singapore Whitepaper
This report presents proposals from a comprehensive feasibility study on the potential for the introduction of SGQR+ as Singapore’s future interoperable payments infrastructure. The study was conducted by the EY organisation, and Singapore’s key payment network operator, Banking Computer Services (BCS), with the support of MAS. The study’s key areas of focus were to determine the readiness of merchants and payment providers to adopt interoperable QR payments, and the benefits of enabling seamless and secure cross-platform QR payment transactions.