FCA and MAS Launch Joint AI-in-Finance Partnership as Brokers Accelerate AI Integration

The UK’s Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) have launched a new strategic initiative — the UK–Singapore AI-in-Finance Partnership — aimed at promoting safe and responsible adoption of artificial intelligence across global financial markets.

The collaboration was officially announced during the Singapore FinTech Festival, reflecting both regulators’ growing focus on AI governance, innovation, and cross-border cooperation.

AI Becomes a Core Driver in Modern Brokerage Platforms

The new partnership comes as brokers and trading platforms worldwide increasingly deploy AI-driven tools to enhance analytics, investor engagement, and strategy automation.
Recent examples include Interactive Brokers, which introduced its Ask IBKR chatbot and partnered with Reflexivity Research to deliver curated investment themes; eToro, which rolled out its AI assistant Tori to support social investing; and CMC Markets and TradeStation, both of which integrated TipRanks’ data and insight tools into their trading ecosystems.

This accelerating adoption highlights how regulatory collaboration on AI is becoming critical to maintaining transparency, fairness, and investor protection.

MAS–FCA Partnership Targets “Safe and Scalable” AI

Under the initiative, both regulators will cooperate on joint testing of AI tools, knowledge exchange, and regulatory sandbox collaboration to help firms develop compliant, trustworthy systems.
The partnership is designed to support both AI innovators in the UK and financial institutions in Singapore by opening access to each other’s markets, creating a bridge for experimentation and commercial deployment.

Kenneth Gay, Chief FinTech Officer at MAS, said AI is “redefining the future of finance — moving from experiments to enterprise use.”
He emphasized that MAS’s focus remains on ensuring AI adoption that is “both safe and scalable.”

Joint Testing and Practical Cooperation Between Regulators

In the initial phase, the FCA and MAS will pilot shared AI testing environments and exchange insights on responsible deployment in areas such as model transparency, governance, and bias detection.

They will also co-host a series of AI innovation events, building on existing programmes such as MAS’s PathFin.ai and the FCA’s AI Spotlight.

Jessica Rusu, Chief Data, Information and Intelligence Officer at the FCA, said the initiative would help regulators “raise our global influence in a strategically competitive space” and allow firms in both markets to “shape the future of responsible AI innovation in finance.”

Next Steps for AI Innovators

UK-based firms interested in participating can apply through the FCA’s AI Spotlight programme, while Singapore-based companies can join via PathFin.ai by submitting proposals that demonstrate safe and responsible innovation. The partnership underscores the evolving relationship between financial regulators and fintech innovators as AI becomes integral to global trading, compliance, and client engagement.

Lastly, the FCA recently issued a warning over the rising promotion of mini-bonds and loan notes, stressing that many such products fall outside its regulatory oversight and expose investors to high risks of loss. The regulator urged consumers to verify whether an investment firm or product is authorized before committing funds, as unregulated offers continue to target retail audiences online. Read more about the FCA’s warning on unregulated mini-bonds and loan notes here.