MAS Initiatives
Machine Learning and Natural Language Processing to Optimise Screening
With support from the MAS Financial Sector Technology & Innovation grant scheme, Standard Chartered partnered with Silent Eight to develop a “Screening Optimisation” solution that applies machine learning and natural language processing techniques to replicate how a human analyst would do name screening.
Full Case Management Tool to Manage End-to-End Customer Onboarding Process
Cynopsis Solutions, one of the finalists of 2018 MAS FinTech Awards, has developed Artemis, a simple, cost-effective one-stop automation of complex regulatory requirements on KYC/AML/CTF.
Facial Recognition at ATMs for Cash Withdrawal
OCBC worked with Finda to experiment using facial recognition technology as a proof-of concept under the MAS Financial Sector Technology & Innovation grant scheme for customer verification at ATMs to reduce the risk of fraud in developing countries.