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The Monetary Authority of Singapore publishes assessment methodologies for responsible AI use

04 February 2022

The Monetary Authority of Singapore (MAS) released five white papers detailing assessment methodologies for financial institutions.

These assessment methodologies cover the FEAT principles; Fairness, Ethics, Accountability and Transparency, which guides responsible use of AI by financial institutions (FIs), specifically where personal attributes, including personal and sensitive personal data, is collected and processed.

The FEAT principles aim to examine Artificial Intelligence, Data Analytics and how assessment methodologies can further improve the technical capabilities of financial institutions for ‘responsible’ AI use within financial services.


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