The Monetary Authority of Singapore and the UK’s Financial Conduct Authority have formed a new strategic partnership on artificial intelligence in finance, known as the UK-Singapore AI-in-Finance Partnership. The collaboration was announced at the Singapore FinTech Festival.

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Brokers and trading platforms are increasingly integrating AI to enhance investor tools and insights. Interactive Brokers launched Ask IBKR and partnered with Reflexivity on Investment Themes, while eToro introduced Tori, an AI assistant for social investing. TradeStation and CMC Markets also integrated TipRanks’ tools.

MAS-FCA Partnership Supports Safe AI Adoption

The initiative aims to promote safe and responsible AI innovation and improve cooperation between both financial centres. It will allow AI-in-finance solution providers in Singapore and AI innovators in the UK to expand their operations across the two markets. Financial institutions are expected to gain from increased opportunities for testing, learning, and regulatory collaboration.

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Kenneth Gay, Chief FinTech Officer at MAS, said that “AI is redefining the future of finance — moving from experiments to enterprise use.” He noted that MAS’s priority is ensuring adoption that is “both safe and scalable.”

According to him, the partnership will create a bridge for institutions, innovators, and regulators “to collaborate on trustworthy AI,” focusing on testing environments and workforce readiness.

Regulators Test and Share AI Tools

Initially, MAS and the FCA will focus on joint testing of AI tools, exchanging regulatory insights, and holding discussions on responsible AI use.

They also plan to organize collaborative events to highlight advanced approaches and build on existing AI programmes, such as MAS’s PathFin.ai and the FCA’s AI Spotlight, to encourage cross-sharing of practical solutions.

Jessica Rusu, Chief Data, Information and Intelligence Officer at the FCA, said the partnership would help “raise our global influence in a strategically competitive space.”

She added that firms in the UK and Singapore will be able to “grow through collaboration” and “shape the future of responsible AI innovation in finance.”

PathFin.ai Accepts Applications from Singapore Firms

AI innovators in the UK interested in joining upcoming FCA-MAS AI Spotlight events can apply through the AI Spotlight programme. Singapore-based firms and financial institutions can participate in PathFin.ai events by submitting an application that outlines how their AI solutions promote safe and responsible innovation in both markets.