Veritas Phase 3: Toolkit v2.0 and integration pilots (concluded 26 Jun 2023)
Is this legally binding?
Guidance. Voluntary guidance. Best practice, not obligation, until a contract or a regulator cites it.
Phase 3 enhanced the toolkit to full FEAT assessment functionality (Accenture, Bank of China); seven FIs (BNY Mellon, DBS, HSBC, OCBC, Singlife, SCB, UOB) piloted integrating FEAT/Veritas into governance frameworks; Swiss Re ran a predictive-underwriting transparency assessment; Google applied the methodologies to Google Pay fraud detection in India. Released Toolkit v2 and Documents 5-6.
From the source
“Phase 3 was concluded on 26 June 2023 and released Veritas Toolkit version 2 and two white papers”
MAS Veritas page: Project Phases - Phase 3
What this connects to
1 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.
Cites1
- InstrumentVeritas Initiative (MAS-led consortium)Guidance
Phase of the Veritas project
Verified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.