# Project MindForge — GenAI Risk Framework for Financial Sector

- Date: 2024-06
- Source: https://www.mas.gov.sg/news/media-releases/2024/project-mindforge
- sgai: https://sgai.md/policies/project-mindforge-genai-risk-framework-for-financial-sector/
- License: sgai-authored content (summaries, translations, analysis) is CC BY 4.0 — attribute and link to sgai.md. Verbatim source text (Hansard, speeches, transcripts, policy documents) remains © its original rights holders and is reproduced for reference only. Terms: https://github.com/meltflake/sgai/blob/main/DATA-LICENSE.md

## Why it matters

MindForge brought MAS, 24 institutions, and four major cloud providers to co-author rules at one table, marking Singapore's financial AI regulation's shift from ex-post accountability to supply-chain co-governance

## Summary

GenAI risk framework for the financial sector, co-developed by 24 institutions and four major cloud/AI providers (Microsoft / AWS / Google / NVIDIA).