“This will help to deepen FIs’ understanding of how AI can be applied and reduce the time taken by individual FIs when they implement AI solutions,” says Chee Hong Tat, Minister for National Development, who is also Deputy Chairman of the MAS.
The financial services industry is among the more tech-savvy sectors around but if it is to stay competitive and create good jobs, making proper use of artificial intelligence is one way.
To this end, the Monetary Authority of Singapore has launched the PathFin.ai programme, which will bring together over 80 financial institutions (FIs) to share their AI implementation experiences via a so-called knowledge hub featuring successful use cases, which will be progressively enhanced with more successful implementations.
