SINGAPORE (Nov 18): At last year’s Singapore FinTech Festival (SFF), the Monetary Authority of Singapore (MAS) released a paper outlining a set of principles in the use of artificial intelligence (AI) and data analytics in Singapore’s financial sector. These principles are known collectively as FEAT (or fairness, ethics, accountability and transparency).

While FEAT was conceptually defined and developed by MAS with various industry players, how these principles were applied in practice was not immediately clear. Moreover, what constituted the minimum threshold to achieve FEAT as well as the evaluation and verification mechanisms were similarly not defined.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook