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FEAT Principles

RegulationUpdated: January 15, 2025
Also known as: Fairness Ethics Accountability Transparency, MAS FEAT

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Singapore framework for responsible AI use in financial services emphasizing fairness, ethics, accountability, and transparency

FEAT Principles are Singapore's framework for responsible artificial intelligence use in financial services, introduced by the Monetary Authority of Singapore to guide financial institutions in deploying AI systems that are Fair, Ethical, Accountable, and Transparent.

The framework requires financial institutions to ensure AI models do not produce discriminatory outcomes, align with ethical norms and regulatory expectations, maintain clear governance with assigned accountability for AI system performance, and provide explainability of AI-driven decisions to customers and regulators. MAS expects institutions to implement these principles across the AI lifecycle from design and development through deployment and monitoring.

FEAT Principles directly address risks from autonomous AI agents in payment systems, requiring human oversight mechanisms, bias testing in algorithmic decision-making, auditability of AI actions, and clear customer disclosures when AI systems make financial decisions. MAS uses FEAT as part of its supervisory expectations for AI governance frameworks at regulated financial institutions, including those deploying AI in crypto custody, trading, and payment services.

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