Project MindForge — GenAI Risk Framework for Financial Sector

Project MindForge is a MAS-led GenAI risk framework for the financial sector, launched in 2024. Consortium members include 24 financial institutions (DBS, UOB, OCBC, HSBC, JPMorgan, and others), the four major cloud and AI providers (Microsoft, AWS, Google, NVIDIA), and the regulator. The framework covers seven risk areas: model hallucination, data leakage, bias and fairness, supply-chain dependency, explainability, adversarial attacks, and accountability. What's unusual is putting regulators, regulated banks, and tech providers around one table — the financial-sector version of Singapore's "permissive training, strict output" stance, and the third layer in the FEAT → Veritas → MindForge → BuildFin.ai stack.