SINGAPORE, November 13, 2025 — The Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have established a new strategic partnership aimed at accelerating the development and deployment of artificial intelligence (AI) in the financial sector across both markets.
Launched at the Singapore FinTech Festival 2025, the UK-Singapore AI-in-Finance Partnership seeks to support safe, responsible and scalable AI innovation. The initiative opens the door for AI solution providers in Singapore and AI innovators in the UK to operate more effectively across both financial hubs, with financial institutions benefiting from expanded pathways for cross-border experimentation and knowledge exchange.
Joint Efforts to Strengthen Responsible AI Adoption
As part of the first phase of collaboration, MAS and FCA will explore joint testing of AI solutions, exchange regulatory insights, and promote industry discussions on responsible AI use. Both regulators will also co-host events to highlight practical applications and emerging best practices.
The partnership will draw on existing national AI programmes — MAS’ Project PathFin.ai and the FCA’s AI Spotlight — to encourage cross-sharing of tested solutions and expertise. This is expected to strengthen cooperation between the two financial centres and widen access to trusted AI tools for industry players.
Regulators Emphasise Trustworthy and Scalable AI
Kenneth Gay, Chief FinTech Officer at MAS, said the partnership comes at a time when AI is shifting rapidly “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,” he said. “This new UK-Singapore AI-in-Finance Partnership creates an important bridge for institutions, innovators and regulators to collaborate on trustworthy AI. Together, we can strengthen the connectivity between our ecosystems and set global benchmarks for responsible AI use in finance.”
Jessica Rusu, the FCA’s Chief Data, Information and Intelligence Officer, noted that the collaboration would support firms seeking cross-border opportunities.
“Our partnership with MAS will help raise our global influence in a strategically competitive space,” she said. “UK and Singapore firms will be able to grow through collaboration, gauge new opportunities, and shape the future of responsible AI innovation in finance.”
Open Call for Industry Participation
AI innovators from the UK can register their interest through the FCA’s AI Spotlight programme, while Singapore-based financial institutions and solution providers may apply to join upcoming MAS-FCA PathFin.ai events via the PathFin.ai application portal.
Applicants are encouraged to highlight how their AI offerings contribute to safe and responsible financial innovation across both markets.