Financial services sector to get up to $100m in MAS grants to boost quantum, AI capabilities

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The Straits Times 3h ago

Financial services sector to get up to $100m in MAS grants to boost quantum, AI capabilities - The Straits Times

Quick Summary:

The aim is to address the technologies’ impact on issues such as cyber security and more.

The money will be used to advance quantum and AI-related innovation and adoption in financial services.

The enhanced scheme will also help with the development of frameworks and platforms for policies and protocols that enable secure and privacy- protected data exchange where financial institutions can collaborate on industry-wide use cases.