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Principles to Promote Fairness, Ethics, Accountability and Transparency in the Use of Artificial Intelligence and Data Analytics in Singapore's Financial Sector

https://www.mas.gov.sg/publications/monographs-or-information-paper/2018/FEAT

National contact point

09 Jul 2025

OECD analyst

25 Dec 2025

The FEAT Principles document contains a set of generally accepted Principles for the use of artificial intelligence and data analytics in decision-making in the provision of financial products and services.

Name in original language

Principles to Promote Fairness, Ethics, Accountability and Transparency in the Use of Artificial Intelligence and Data Analytics in Singapore's Financial Sector

Initiative overview

The initiative has the following objectives:To provide firms providing financial products and services with a set of foundational principles to consider when using AI and data analytics in decision-making.To assist firms in contextualising and operationalising governance of use of AI and data analytics in their own business models and structures.To promote public confidence and trust in the use of AI and data analytics.

Name of responsible organisation (in English)

Monetary Authority of Singapore (MAS)

About the policy initiative

Singapore

Organisation:

Monetary Authority of Singapore (MAS)

Category:

Regulations, guidelines and standards

Initiative type:

Principles/guidelines/frameworks for trustworthy AI

Status:

Active

Start Year:

2018

Binding:

Non-binding

Target Sectors:

OECD AI Principles:

2.3 Shaping an enabling interoperable governance and policy environment for AI

Other relevant urls:

—

Official PDF:

FEAT-Principles-Updated-7...

Joint Press Statement by Michael McGrath, European Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection and Denise Wong, Acting Commissioner of Singapore's Personal Data Protection Commission

Building on previous collaboration, the European Commission and PDPC intend to further develop their partnership on issues of common interest, notably through the exchange of knowledge, experience and best practices to enhance data protection and trusted data flows, including exploring the use of privacy-enhancing technologies, in support of the digital economy and advancing the protection of children in the digital environment, which is a priority area for both sides.

Start year: 2025