Key Takeaways
- Official announcement: Deputy Prime Minister and MAS Chairman Gan Kim Yong announced on 25 June 2026 the launch of the Future of Finance Institute (FFI).
- Technologies involved: The institute integrates pre-existing initiatives such as the MindForge AI Risk Management Toolkit, PathFin.ai, Project Guardian and Project Orchid, focused on artificial intelligence and tokenisation.
- Training impact: The National Trades Union Congress and the Institute of Banking and Finance will train up to 100,000 finance professionals in AI skills over the next three years.
A body to accelerate technology adoption
The Monetary Authority of Singapore (MAS) established the Future of Finance Institute (FFI) during the Association of Banks' annual dinner on 25 June 2026. The stated goal is to close the gap between technological experimentation and large-scale adoption in the financial sector. According to MAS, the institute "will work directly with industry to accelerate the transition from experimentation to large-scale deployment of new technologies, lowering barriers to adoption for institutions of all sizes."
Pre-existing initiatives brought under one roof
The FFI brings together projects Singapore had already launched in previous years. The MindForge AI Risk Management Toolkit, developed by a consortium of banks, insurers and technology companies, manages risks tied to artificial intelligence. PathFin.ai counts more than 200 participating financial institutions working on AI use cases. Project Guardian has tested tokenisation use cases across six currencies covering foreign exchange, funds and fixed income. Project Orchid has worked on purpose-bound money and the infrastructure for a digital Singapore dollar.
Four operating areas
The Knowledge Hub gathers validated use cases, implementation playbooks and a roadmap for skills development. The Innovation Garage coordinates collaboration on AI and tokenisation initiatives among research institutes, fintechs and financial institutions. The Industry Sandboxes provide controlled testing environments for programmable money, tokenised assets and AI-driven workflows. The Implementation Toolkits include the Programmable Compliance Toolkit for tokenised assets and an updated version of the AI Risk Management Toolkit with guidance for implementing agentic AI.
Governance and board composition
The FFI's board of directors includes representatives from MAS, major financial institutions, technology companies and academia, alongside professionals with combined experience in finance and technology.
Parallel professional training
Alongside the FFI's launch, the National Trades Union Congress and the Institute of Banking and Finance rolled out a programme to train up to 100,000 finance professionals in artificial intelligence skills over three years. MAS stated the institute will create "opportunities for Singaporeans to take on emerging roles as new technologies reshape the financial sector."
International coordination
According to MAS, the FFI "orchestrates ecosystem development by connecting the financial industry with local and international technology researchers, solution providers and the fintech ecosystem."
