Singapore’s central bank wants all FinTech AI use cases subject to independent review
Singapore’s central bank proposes that financial technology companies subject all AI use cases to independent review. The proposal applies across the fintech sector, and the bank says failures of third-party services are not an excuse.
A sector-wide independent-review requirement could raise compliance demands for fintech companies using AI in Singapore. It also signals a stricter approach to accountability for AI systems and their dependencies.
