On 8 November 2021, the Good Nation and Digital Authorities Workplace (SNDGO) introduced the launch of two nationwide synthetic intelligence (AI) programmes for the federal government and monetary sectors.
Nationwide AI Programme in Authorities
This programme goals to advance the federal government’s digital transformation efforts additional, together with enhancing using AI in policymaking, the supply of extra personalised and responsive providers, and the optimisation of presidency processes.
Some examples embody:
- “Jumpstart”, an AI-enabled platform with suggestion engines to enhance profession coaches and provide jobseekers extra personalised and efficient jobs and expertise suggestions
- “Video Analytics System”, to help public companies within the improvement and deployment of video analytics fashions
Nationwide AI Programme in Finance
Equally, the Nationwide AI Programme in Finance goals to determine Singapore as a world hub for researching, growing and deploying AI options for the monetary sector, with one of many key focus areas being sustainable finance.
Some examples embody:
- NovA!, an AI platform for monetary danger insights technology to assist monetary establishments assess corporations’ environmental impression and determine rising environmental dangers
- Veratas, an AI governance framework and power package, to assist monetary establishments responsibly utilise AI
The Financial Authority of Singapore (MAS) can be growing a knowledge and knowledge sharing platform referred to as COSMIC (Collaborative Sharing of Cash Laundering / Terrorism Financing Data and Circumstances) for monetary establishments to share data on clients or transactions that cross materials danger thresholds, and leverage AI to determine and disrupt illicit networks.
These new programmes are a part of the Singapore authorities’s Nationwide AI Technique, which contains tasks in key sectors aimed toward catalysing AI adoption.
The launch of those programmes is a optimistic step in direction of making certain that AI techniques are deployed responsibly and facilitating public-private information sharing to allow extra refined makes use of of AI.
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