The Global Finance & Technology Network (GFTN) is a not-for-profit organisation established by the Monetary Authority of Singapore (MAS) in 2024 to harness technology and foster innovation for more efficient, resilient, and inclusive financial ecosystems through global partnerships. GFTN organises convening forums, offers advisory services on innovation ecosystems, provides access to transformative digital platforms, and invests in technology startups with the potential for growth and positive social impact through its venture fund.
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The session is intended to provide regulators with an understanding of developments in AI applications and governance in financial services, with a focus on:
• Designing a supervisory toolkit for evaluating AI systems in financial institutions.
• How AI risks and oversight approaches differ between financial institutions, including use of ‘human-in-the-loop’ processes.
• How supervisory approaches can evolve with technological advances.
• Examples of effective supervisory practices.
Director & Head of Capital Markets Policy Division, Markets Policy & Consumer Department, Monetary Authority of Singapore
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