Infocomm Media Development Authority

Regulator · SI · 1 documents

Key number

SGD 750 million SGD million

Economic value generated by DBS AI models in 2024. Academic research p.6

Regulating Artificial Intelligence in Finance: Lessons from Singapore

Research paperAcademic researchOctober 202648 pages

According to KPMG, 71% of surveyed financial firms have deployed AI tools, with global banking sector AI spending estimated at USD 31.3 billion in 2024.