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

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

Ethics guideline

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

By Monetary Authority of Singapore

This document contains a set of generally accepted Principles for the use of artificial intelligence and data analytics (“AIDA”) in decision-making in the provision of financial products and services. Compared to human decision-making, the nature and the increasing use of AIDA may heighten the risks of systematic misuse.

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