The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, published an industry white paper on developing safeguards for AI agents in Finance.
Titled “Safeguards for Agentic Finance at Runtime (SAFR)”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably.
SAFR is developed under MAS’ BuildFin.ai initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
The SAFR framework provides governance checkpoints that verify and record an AI agent’s proposed actions before the execution of its tasks.
SAFR builds on MAS’ Project Mindforge’s AI Risk Management toolkit, with a focus on how safeguards can be operationalised at the point of action for AI agents.
Four pillars: policy-bound execution, real-time validation, auditability, and interoperability.
The Future of Finance Institute will support future adoption of the SAFR framework through industry pilots and sandbox experimentation.
Interested industry partners are invited to join the BuildFin.ai work group to contribute to subsequent iterations of SAFR.