MAS’ Financial AI Builder Programme support financial institutions in developing and scaling artificial intelligence applications. BuildFin.ai provide a collaborative platform for AI-forward institutions to pioneer cutting-edge solutions within a well-regulated environment.
The programme facilitates partnerships between financial institutions, technology providers, and research institutes to co-develop AI solutions that address real market needs whilst meeting regulatory requirements. Through collaboration, regulatory clarity, and shared expertise, BuildFin.AI supports the responsible development and deployment of AI solutions across the financial services sector.
Our Approach
Working within Singapore's established regulatory framework for AI in financial services, BuildFin.AI helps institutions implement AI solutions within proven risk management frameworks, ensuring sustainable deployment and customer protection.
The programme provides guidance on integrating AI solutions with existing compliance systems and regulatory reporting requirements, supporting the development of AI applications that can be scaled effectively across different markets and regulatory environments.
We bring together technology providers, research institutes, and financial institutions to work on complex problems of common interest, creating shared resources and solutions that benefit the entire ecosystem whilst reducing duplication of effort.
Current Focus Areas
BuildFin.ai focus on developing AI solutions for real-world financial services challenges, including customer service automation, risk assessment, and operational efficiency improvements.
- Multilingual AI Solutions Developing AI models tailored for multilingual environments, starting with a Voice-to-Text solution that can handle code-switching between multiple languages and dialects commonly used in customer interactions. For example, A*STAR is partnering financial institutions to create voice recognition technology that accurately transcribes conversations involving English, Mandarin, Malay, Tamil, and local dialects.
How We Support Institutions
- Partnership Facilitation We connect financial institutions with suitable technology partners and provide a framework for collaborative development projects.
- Shared Resource Development Coordinating the development of common AI components and infrastructure that participating institutions can leverage, reducing individual development costs and time-to-market.
- Regulatory Guidance Institutions receive support in navigating AI-related regulatory requirements and implementing appropriate risk management practices.
- Development Resources Access to Singapore's technology ecosystem, including research institutions, AI specialists, and development infrastructure.
Participation
BuildFin.AI works with:
- Financial institutions developing AI capabilities
- Technology providers with relevant AI solutions
- Research institutions contributing to financial AI development
Get Involved
Financial institutions interested in collaborative AI development can explore participation in BuildFin.AI initiatives. Connect with the BuildFin.AI team at https://go.gov.sg/buildfin-registration to explore collaboration opportunities.