MAS launches new programme to help financial institutions adopt AI faster

This allows FIs to share successful AI use cases and best practices.

The Monetary Authority of Singapore (MAS) has launched PathFin.ai, a new programme to help financial institutions (FIs) adopt and scale artificial intelligence (AI) more quickly and effectively.

“By curating a library of use-cases, industry-validated solutions and best practices among these FIs, the programme seeks to reduce the time and effort to search, select and effectively implement AI solutions,” Managing Director Chia Der Jiun said at the MAS Annual Report 2024/2025 media conference.

The programme also offers targeted training to help institutions develop the right AI skills.

To date, 20 FIs from banking, insurance, capital markets, and payments sectors have joined the programme, with MAS inviting others to participate.

“Our aim is for our FIs and workforce to be positioned well to adopt and use AI, so that they are competitive, here and internationally,” said Chia.

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