Singapore Targets Leadership as a Trusted AI Finance Hub

Singapore must strengthen its position not only as a global financial centre but also as a trusted AI finance hub, Deputy Prime Minister Gan Kim Yong said at the launch of DBS Group Research’s report, The Trusted AI Financial Hub.

He argued that future financial centres will increasingly be judged by their ability to deploy artificial intelligence responsibly while maintaining trust, security and strong governance.

The report ranked Singapore among the world’s leading AI-ready financial centres and identified it as the market scoring highest on trust-related measures.

However, the trusted AI finance hub assessment noted that Singapore still trails innovation centres such as New York and San Francisco in AI talent and research capabilities.

Gan said Singapore would work closely with industry participants to deepen AI expertise, support workforce reskilling and embed artificial intelligence more broadly across financial workflows, compliance functions and risk management systems.

The initiative reflects Singapore’s wider ambition to become a global leader in trusted AI adoption across financial services.