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Online fintech marketplace to launch at Singapore FinTech Festival

"SINGAPORE: An online fintech marketplace, the API Exchange (APIX), will be launched on Wednesday (Nov 14) by the ASEAN Financial innovation Network (AFIN) in a bid to increase financial inclusion in hard-to-reach markets.

The AFIN is spearheaded by the Monetary Authority of Singapore (MAS), the ASEAN Bankers Association and the World Bank’s International Finance Corporation...

Singapore's central bank, MAS, has also released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics.

“This is the first of its kind in the world - where regulator and industry have come together to set guidance on responsible use of AI and data analytics,” said Mr Menon.

"This will be a living document that will continue to be modified as we learn more."

To read more, click here.

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