KPMG has launched a Trusted AI Centre of Excellence in Singapore to help companies close governance gaps as AI adoption moves beyond experimentation.
The centre is supported by the Singapore Economic Development Board and will focus on AI strategy, governance, workforce readiness, data infrastructure and regulatory preparedness.
KPMG also introduced its Trusted AI Assurance offering, which assesses both an organisation’s AI governance and the trustworthiness of the AI systems it has built or adopted.
The offering is intended to support wider deployment, including in overseas markets with different regulatory requirements.
The assessment reviews areas such as governance, risk controls, system documentation, regulatory readiness and security.
It is aligned with international standards and frameworks including the EU AI Act, the NIST AI Risk Management Framework, ISO 42001 and Singapore’s Model AI Governance Framework.
KPMG noted that the Trusted AI Assurance offering is not a certification exercise, but an evidence-based independent assessment aimed at helping businesses identify gaps in their AI deployment and address them.
AI Assurance to Support Cross-Border Deployment
Lee Sze Yeng, Managing Partner of KPMG in Singapore, said businesses that moved quickly on AI are now asking harder questions about value, workforce readiness and accountability for AI-driven decisions.
“For Singapore businesses with ambitions beyond our shores, there is an added dimension: the trust that matters to customers and regulators in the markets you are entering may be defined differently from what is required here,”
Lee said.
Jermaine Loy, Managing Director of EDB, said the centre will help businesses in sectors such as financial services, healthcare, logistics and manufacturing scale AI with stronger governance and assurance capabilities.
KPMG added that the centre will be supported by a locally hired Singapore-based innovation team and will work with businesses on AI deployment across regulated and enterprise sectors.
The firm noted that the launch builds on its wider AI governance work, including its ISO/IEC 42001 certification for AI Management Systems.
Featured image: Edited by Fintech News Singapore, based on image by KPMG via LinkedIn
