SINGAPORE (Dec 6): Artificial Intelligence (AI)-based applications are making its way into every area of our lives today, playing very important roles.

In recent years, Singapore’s financial services industry has also been at the forefront of developing and adopting AI technology in their businesses.

The Monetary Authority of Singapore (MAS) recently announced that it has rolled out a $27 million Artificial Intelligence and Data Analytics (AIDA) Grant under the Financial Technology and Innovation Scheme (FTIS) to promote the adoption and integration of AI and data analytics in financial institutions island-wide.

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