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)
