Singapore Closest to AI Finance ‘Flywheel Activation’, DBS Says

DBS Group Research said global financial centres in the artificial intelligence era will increasingly be judged by whether AI-driven financial decisions can be trusted across borders rather than simply by technology capability or capital-market size.

The Singapore AI finance hub assessment came in a DBS report titled The Trusted AI Financial Hub, which introduced a Global AI Financial Hub Index covering 15 financial centres across AI integration, governance, digital infrastructure, talent and market outcomes.

Singapore emerged as the open-market hub closest to “full flywheel activation”, supported by regulatory coherence, digital identity systems and institutional AI adoption.

New York remained the leading AI finance capability hub globally, while London was viewed as repositioning through principles-based governance.

San Francisco ranked highest for AI talent and innovation, although DBS said its model may limit its role as a globally trusted financial intermediary.

The report underlines the growing importance of governance, trust and interoperability for wealth managers, banks and family offices deploying AI-driven services internationally.