The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.
The new 'Veritas' framework aims to improve internal governance among financial institutions around their solutions driven by artificial intelligence and data analytics.
The launch of the BIS Innovation Hub Centre took place on the sidelines of the 2019 Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology.
Our goal is to be a leading centre for green finance in Asia and globally, said Singapore Minister for Education Ong Ye Kung at Singapore Fintech Festival x SWITCH 2019.
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