The Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have partnered to advance the safe and responsible use of artificial intelligence (AI) in finance.
Announced at the Singapore Fintech Festival, the UK-Singapore AI-in-Finance Partnership aims to promote trustworthy AI innovation and help financial institutions and technology providers scale solutions across both markets.
As part of the initiative, MAS and the FCA will jointly test AI applications, share regulatory insights, and host discussions on responsible adoption.
The collaboration builds on MAS’ PathFin.ai and the FCA’s AI Spotlight programmes to strengthen knowledge sharing and cross-border cooperation.
Kenneth Gay, Chief Fintech Officer at MAS, said,
“AI is redefining the future of finance — moving from experiments to enterprise use, and from individual models to connected, agentic systems. As this shift accelerates, MAS’ priority is to ensure that adoption is both safe and scalable.
This new UK-Singapore AI-in-Finance Partnership with the Financial Conduct Authority creates an important bridge for our financial institutions, innovators and regulators to collaborate on trustworthy AI — from learning from each other’s approach to testing environments and workforce readiness.”
Jessica Rusu, Chief Data, Information and Intelligence Officer at the FCA, said,
“Our partnership with the Monetary Authority of Singapore will help raise our global influence in a strategically competitive space.
UK and Singapore firms will be able to grow through collaboration, gauge new cross-border opportunities, and shape the future of responsible AI innovation in finance.”
