Monetary Authority of Singapore Releases AI Safeguards Framework

The Monetary Authority of Singapore (MAS) has released a white paper titled 'Safeguards for Agentic Finance at Runtime' (SAFR) to ensure safe usage of AI agents in finance. The framework includes governance checkpoints and real-time validation to manage AI actions effectively and within defined risk limits. Developed through MAS' BuildFin.ai initiative, SAFR addresses AI's increasing role in financial tasks, including payments and wealth management. MAS invites industry participants to join the BuildFin.ai work group for future developments on this framework.