Home
Focus Areas
About Us
Artificial intelligence has been heralded as a "game-changer" over the past few years, and the Singapore Monetary Authority is hoping it will be a "game-changer" for the country's financial services industry as well.
The country's central bank is teaming up with banks, tech companies, and more to create an AI risk framework to help firms navigate the ever-evolving world of financial technology, the New York Times reports.
"The rapid adoption of advancements and innovation in Singapore has spurred the adoption of AI, utilizing real-time insights to achieve superior outcomes, increased profits, and a competitive edge," the Monetary Authority of Singapore said in a statement.
But the integration of AI into the financial services industry, which handles sensitive financial information, "raises complex issues concerning the security and privacy of data," the authority says.
"This necessitates continuous investment in security, and implementation of rigorous data protection protocols, and strict adherence to regulatory standards, particularly in light of AI's inherent challenge in the realm of operational resilience and environmental risks, enhance the long-term economic stability and regulatory compliance," the statement adds.
The Times notes that the Singapore project is just the latest effort by the country's central bank to encourage use of AI in the financial services industry,
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Kaakpema Yelpaala grew up in Kenya, attended Harvard, and now lives in Yale, where he's a professor and the new director of the university's health technology program, the New York Times...more
"We are in an age of incredible innovation" in the health care industry, writes Lee Murray in a blog post about a meeting with a private equity investor. Murray's mother in law suffered two brain...more
"Access to financial advice and banking services is essential for any community to thrive and our Community Center Branches are at the center of lifting up communities by creating opportunities for...more
It's World Intellectual Property Day, and the pharmaceutical industry is taking note. In a press release, the industry's trade group, the Pharmaceutical Research and Manufacturers Association,...more
The Star-Friedman Challenge, an annual contest that aims to spur cutting-edge scientific research, has announced its 2024 winners. Among the winners: a study on fat-handling organelles in...more
"We're like the kindling that gets the fire going," says Dr. Bryan Hartley, an associate professor of Radiology and Radiological Sciences at Vanderbilt University Medical Center who's working on a...more
"We are so used to being almost permanently online that we don't really appreciate what we have and do not really know what to do when we're not," Joni Mitchell wrote in her 1970s song "Big Yellow...more
Foundation: Silicon Valley Community Foundation, California Endowment
In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more
Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
The University of Utah's Wilkes Center for Climate Science and Policy has narrowed its list of finalists for its $500,000 Climate Launch Prize to seven. The goal of the prize, which is one of the...more
Health News from...
Johnson Foundation
Robert Wood Johnson Foundation
Silicon Valley Community Foundation
California Endowment
California Community Foundation
Lancaster County Community Foundation
Community Foundation of Southern Indiana
Community Giving Foundation
Hawaii Community Foundation
Kresge Foundation
Tow Foundation
Bloomberg Philanthropies
Social Entrepreneurship
Spotlight
Social Enterprise Pushes Continuity of Care and Home Births
The Neighbourhood Midwives, the brainchild of Annie Francis of Hampshire, offers midwifery services geared for the continuity of care to women and their families.
