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The FEAT principles and the Veritas initiative are part of Singapore's National AI Strategy, aimed at building a vibrant and responsible environment for AI adoption within the financial sector.  As one of the AI technology providers to the consortium, Element AI's involvement aims to include a range of research and development activities in support of this mandate. One of the first initiatives being undertaken is in collaboration with United Overseas Bank (UOB), one of the lead consortium members. Together they will develop a set of quantifiable metrics for financial institutions to assess the extent to which data and the algorithms or models used to evaluate credit scoring for unsecured lending meet the principles of Fairness. … [Read more...] about Element AI Announces Collaboration with Veritas Consortium led by Monetary Authority of Singapore (MAS) to Support Development of Framework for Responsible Use of AI in the Financial Industry

While putting up efforts to attract new foreign-invested projects, Nguyen Thu Trang, director of the WTO Center and Integration under the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam should pay attention to the quality of the FDI and the risks of local enterprises being acquired at cheap prices. … [Read more...] about Vietnam needs more efforts to lure new FDI wave

In addition, given that the state budget is limited as the government needs significant resources to deal with the outbreak, implement stimulus packages and maintain momentum for long-term growth, it will need to rely on the participation of all in society. Therefore contributions from businesses and the people should be encouraged. - NDO … [Read more...] about Vietnam needs to boost public spending for economic recovery

About GEODISGEODIS is a worldwide leader in transport and logistics, recognized for its commitment to helping its customers overcome their logistical constraints. With five lines of business (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport), a direct presence in 67 countries and a global network spanning 120 countries, GEODIS is ranked first in France, sixth in Europe and seventh worldwide in its field. In 2019, GEODIS had more than 41,000 employees and generated €8.2 billion in sales. … [Read more...] about GEODIS Supports Rising Medical Company LabMed To Supply Health Protection Goods to Europe And North America

Last month, the Cambodian government decided to lift the travel ban for six countries, namely Iran, Italy, Germany, Spain, France and the US. However, those entering the country are required to have health certificates issued no longer than 72 hours before flying to confirm that they are free of the novel virus SARS-CoV-2 as well as minimum 50,000 USD health insurance policies. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 27