Singapore, 15 November 2023…The Monetary Authority of Singapore (MAS) today announced the successful conclusion of phase one of Project MindForge
2 GenAI is a rapidly evolving technology that could both transform and disrupt the financial sector. While GenAI can help financial institutions to improve efficiency, provide more personalised customer experiences, and generate content and ideas for products and services, there are also risks involved, including more sophisticated cybercrime tactics, copyright infringement, data risk and biases.
3 Project MindForge looks into the risks and opportunities of GenAI for the financial sector. It aims to develop a clear and concise framework on the responsible use of GenAI in the financial industry, and…
