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CASE STUDY

Evolving financial services

The Monetary Authority of Singapore and Accenture established the Veritas industry consortium to provide groundbreaking guidelines for Responsible AI.

5-MINUTE READ

Call for change

When tech meets human ingenuity

Defined a new Ethics and Accountability Assessment Methodology, providing a framework for articulating ethical commitments, concepts of justice, and principles.

Extended and refined the Fairness Assessment Methodology, enabling FSIs to define their systems’ fairness objectives, identify attributes of individuals and bias, and develop mitigation strategies. 

Defined a Transparency Assessment Methodology, helping FSIs determine whether and how much transparency is needed to interpret machine learning models predictions.

"Accenture’s breadth of expertise, from the latest cutting-edge research to collaborative, strategic programme management, has been key in developing a clear framework for implementing AIDA in a fair, ethical, accountable, and transparent manner."

— Xuchun LI, PhD, Deputy Director & Head of AI Development Office, FinTech & Innovation Group, Monetary Authority of Singapore

A valuable difference

"The Veritas initiative is an important platform in fostering trust as it provides organizations with the capabilities to promote transparency, explainability and fairness in AI development and implementation."

— Joon-Seong Lee, Managing director and Applied Intelligence lead — Australia & New Zealand, Southeast Asia, India, Africa and Middle East

Meet the team

James Hwa Jaan Gan

Managing Director – Banking, Client Account Lead, Southeast Asia

Medb Corcoran

Managing Director – Accenture Labs, Global Responsible AI Lead for Technology Innovation

Bhavna Rawlley

Principal Director – Strategy & Consulting, Applied Intelligence, Southeast Asia

Paul Ng

Managing Director – Financial Services, Client Group Lead, Southeast Asia

Joon-Seong Lee

Managing Director – Applied Intelligence, ASIAM, SEA & Innovation Lead

Steven C. Tiell

Senior Principal – Responsible Innovation & Data Ethics Lead

Ray Eitel-Porter

Managing Director – Applied Intelligence, Global Lead for Responsible AI