UK-Singapore Partnership for AI in Finance: A New Era of Innovation
On 12 November 2025, the Monetary Authority of Singapore (MAS) and the Financial Conduct Authority (FCA) announced a groundbreaking strategic partnership focused on artificial intelligence (AI) in finance. The collaboration, named the UK-Singapore Partnership for AI in Finance, aims to create synergies between these two financial hubs, enhancing innovation and responsible AI deployment within the financial sector.
This partnership was unveiled at the prestigious Singapore FinTech Festival, emphasizing a commitment to fostering safe and effective AI solutions. By working together, finance AI providers in Singapore and innovators in the UK will have better opportunities to scale and adapt leading AI technologies across both markets. This, in turn, will lead to enriched innovative possibilities for financial institutions in these key financial centers.
Exploring Joint Initiatives and Collaborations
The MAS and FCA will focus on exploring a range of collaborative initiatives, including joint testing of AI technologies and the exchange of regulatory information. These efforts aim to promote responsible AI discussions and host events showcasing best practices. This partnership will also utilize significant AI industry programs, such as MAS PathFin.ai and FCA AI Spotlight, to streamline the sharing of high-quality AI solutions.
Strengthening Connectivity in Financial Ecosystems
Kenneth Gay, FinTech Director at MAS, stated, “AI is redefining the future of finance – evolving from experiments to enterprise-level applications.” He emphasized that with the acceleration of AI adoption, ensuring security and scalability remains a top priority. This partnership will act as a bridge for financial institutions, innovators, and regulatory bodies to collaborate on developing trustworthy AI solutions, enhancing connectivity across both markets.
Global Influence through Collaboration
Jessica Rusu, Head of Data, Information, and Intelligence at the FCA, highlighted the potential for increased global influence through this partnership. She remarked, “UK and Singapore businesses will benefit from this collaboration, unlocking new cross-border opportunities and helping to shape the future of responsible AI innovation in finance.” The UK-Singapore partnership signifies a commitment to leading in the competitive landscape of financial technology.
Invitation for Participation in AI Initiatives
UK AI innovators interested in engaging in future FCA-MAS AI Spotlight events are encouraged to apply through the AI Spotlight program . Financial institutions and AI solution providers from Singapore seeking to participate in MAS-FCA AI PathFin.ai events can register via an application form at PathFin.ai . Participants are encouraged to detail how their offerings support safe and responsible AI innovation.
Conclusion: A Collaborative Future for AI in Finance
The UK-Singapore Partnership for AI in Finance is set to revolutionize the landscape of artificial intelligence within the financial sector. By fostering collaboration and encouraging responsible practices, the partnership not only enhances innovation but also establishes a robust framework for future developments in AI technology. As this initiative unfolds, it is poised to set new benchmarks for excellence and accountability in AI applications within finance.