AIDA in Finance

MAS seeks to promote responsible, sustainable long-term growth for the financial sector through accelerating Artificial Intelligence and Data Analytics (AIDA) adoption amongst Financial Institutions and facilitating research and development.


Under the National AI Programme in Finance,  a joint effort by MAS and the Smart Nation and Digital Government Group (SNDGG), we aim to develop Singapore into a global hub for Financial Institutions to research, develop, and deploy AIDA solutions to enhance productivity, Innovation and Job creation, and improve societal acceptance of AIDA due to better governance.

MAS is committed to increasing the competitiveness of Singapore's financial sector and supporting long-term sustainable growth for the industry. Supporting AIDA adoption is one of our key strategies to help Financial Institutions evolve and gain an edge. Building a strong AIDA ecosystem will also help to propagate the development of in-demand technical skills amongst the local workforce, and boost Singapore's standing as a leading global financial hub.

- Sopnendhu Mohanty, Chief FinTech Officer, MAS

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