SG, UK launch first-ever AI in finance collaboration

It aims to enhance cross-border opportunities for financial institutions and AI firms.

The Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have officially launched a first-ever artificial intelligence in finance collaboration.

The partnership, announced at the Singapore FinTech Festival 2025, held on the Festival Stage on 12 November by Kenneth Gay, Chief FinTech Officer at MAS, and Jessica Rusu, Chief Data, Information and Intelligence Officer of the FCA, aims to enhance cross-border opportunities for financial institutions and AI firms.

It also aims to foster mutual learning on best practices, establish new corridors for AI cross-border collaboration, and build a more effective, secure, and resilient financial sector powered by AI.

The main objectives include augmenting the workforce, generating growth for financial institutions, and improving financial services for both consumers and corporates.