The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today 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[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.

As AI agents in financial services increasingly carry out tasks autonomously and at speed beyond practical human intervention, financial institutions need real-time safeguards to ensure that the behaviour of AI agents remain within predefined mandates, policies and risk boundaries set by financial institutions. The SAFR framework provides for a set of governance checkpoints that verifies and records an AI agent’s proposed actions before the execution of its tasks.....