🏢 Sector Regulation · 2021
Veritas Initiative
Translates the FEAT principles into an operational assessment toolkit, with an open-source methodology.
The Veritas initiative is the practical extension of the FEAT principles, jointly developed by MAS and partner financial institutions. The project's goal is to build an open-source, operational assessment methodology and toolkit that helps financial institutions translate FEAT principles into concrete AI applications. Use cases covered include fairness assessments for customer marketing and transparency assessments for credit risk scoring. Veritas is iterated continuously, embodying Singapore's incremental "principles → tools → practice" AI governance path.