The Monetary Authority of Singapore (MAS) and the UK Financial Conduct Authority (FCA) have unveiled a new strategic partnership to accelerate safe and responsible artificial intelligence adoption in the financial sector, marking one of the most significant cross-border AI collaborations to date.

Announced at the Singapore FinTech Festival, the UK–Singapore AI-in-Finance Partnership aims to help financial institutions and technology firms in both countries develop, test, and scale AI systems more effectively across two of the world’s leading financial hubs. The partnership is expected to deepen regulatory cooperation, streamline innovation pathways, and establish global benchmarks for trustworthy AI in finance.

Under the new initiative, MAS and the FCA will begin by jointly testing AI solutions, exchanging supervisory insights, and holding bilateral discussions on responsible AI development. The regulators will also host collaborative events showcasing best-in-class AI tools and safe deployment practices.

The partnership builds on each authority’s existing AI programs — MAS’s PathFin.ai initiative and the FCA’s AI Spotlight — enabling firms participating in these ecosystems to share high-quality solutions, research, and lessons learned. The goal is to support both early-stage and enterprise-scale AI systems, including rapidly emerging agentic and connected AI models now entering mainstream financial operations.

“AI is redefining the future of finance — moving from experiments to enterprise use,” said Kenneth Gay, Chief FinTech Officer at MAS. He emphasized that ensuring AI systems are “safe and scalable” remains a top priority. “This new partnership creates an important bridge for our financial institutions, innovators and regulators to collaborate on trustworthy AI,” he said.

Jessica Rusu, Chief Data, Information and Intelligence Officer at the FCA, said the partnership will strengthen both countries’ global influence in a fast-moving regulatory 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,” she said.

Applications for firms interested in joining upcoming AI Spotlight and PathFin.ai events are now open, with both regulators encouraging companies to highlight how their technologies support safe and responsible AI deployment across the UK and Singapore markets.

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