Owing to its long-term vision of fostering an environment that favours innovation and digitalisation, the Financial Services Commission (FSC) has launched an Artificial Intelligence (AI) Powered Due Diligence Platform on 2 February 2023.

This project, in partnership with the Mauritius Research and Innovation Council (MRIC), encourages stakeholders within the local financial services landscape to revamp their operations and onboard technology-based solutions to address existing gaps. The Platform will aim to automate the steps of the due diligence process and make the data collection task more efficient, therefore enhancing the credibility and accuracy of this regulatory activity.

In line with international standards, the AI Platform puts our already robust International Financial Centre (IFC) on the path to digitalisation and enhanced security, especially when it comes to the regulatory frameworks of its broad service offerings.

Read the full communique from the FSC here