Follow TopicFollow Contributor Share Feedback
How MAS Uses AI for Supervision

How MAS Uses AI for Supervision

by Starling Insights

Starling Insights Editorial Board

Oct 13, 2023

Observations

In a written response to a parliamentary question, Lawrence Wong, Chairman of the Monetary Authority of Singapore (MAS), explained how MAS utilizes artificial intelligence and machine learning (AI/ML) in its supervision of the financial industry.

MAS has been a pioneer in the trialing and adoption of supervisory technologies (suptech). These technologies have enabled MAS to make sense of risk signals within the "voluminous" data it collects. “This has allowed us to automate certain tasks that used to require manual processing, as well as better identify outliers or suspicious networks for closer scrutiny,” Wong wrote.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 

 

If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!