Source of article: The Business Times Writer credits: Yong Jun Yuan In summary: The Monetary Authority of Singapore (MAS) has led a consortium to launch an open-source toolkit named Veritas 2.0. This toolkit is designed to foster the responsible use of artificial intelligence (AI) in financial institutions. Veritas 2.0 is an improvement over its predecessor, offering improved…
1 INTRODUCTION 1.1 What is Generative AI? Since its first release in November last year, artificial intelligence (“AI”) chatbot, ChatGPT has gained significant limelight, drawing over a million sign-ups in just five days. ChatGPT and its counterparts such as DALL-E, BERT, and Midjourney, are known as foundation models which are part of a category of…
Source of article: The Straits Times Writer credits: Claire Huang I shared my views with the Singapore Straits Times in the attached story published on 16 June 2023. In Summary: The United States SEC alleges that the XRP cryptos sold to the public by Ripple were securities which were not registered for public offering. A…
1. Introduction Insurance linked securities (ILS) are financial securities issued in public or private offerings that are linked to insurance risks. It is a way for insurance companies to transfer risks to capital markets, where investors can trade these securities like any other financial instrument. The value of ILS is linked to non-financial insurance-related risks…
