Veritas Industry Consortium Assessment Methodologies for Responsible Use of AI by Financial Institutions

To guide responsible use of AI by financial institutions, MAS has released five white papers detailing approaches to identifying and measuring Fairness, Ethics, Accountability and Transparency (FEAT) principles in AI systems. These methodologies reflect extended collaboration with 27 institutions in the Veritas consortium. The release includes a FEAT checklist and an open-source toolkit to help users automate certain fairness metrics and visualization techniques.