{
  "id": 17954311,
  "title": "MAS’ Future of Finance Institute starts operations with AI focus; names interim CEO",
  "url": "https://urgent.news/2026/11/03/mas-future-of-finance-institute-starts-operations-with-ai-focus-names",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-03T10:35:14.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/mas-future-finance-institute-starts-operations-ai-focus-names-interim-ceo"
  },
  "original_language": "en",
  "account": "The Monetary Authority of Singapore (MAS) has launched the newly formed Future of Finance Institute (FFI) with a focus on artificial intelligence (AI) applications in the financial sector. The institute is set to bring together financial institutions, sharing practical experiences in implementing AI and developing good practices for deploying agentic AI.\n\nAlan Lim, head of MAS' financial infrastructure and AI office, has been appointed as the interim CEO of the FFI. He will oversee the institute's strategy and operations as it expands its programs and deepens partnerships within the financial and technology ecosystems. Lim stated that the FFI aims to anchor key capabilities in Singapore and connect the ecosystem to accelerate innovation and promote safe adoption of new technologies.\n\nThe FFI will focus on three main pillars: PathFin.ai, BuildFin.ai, and SafeFin.ai. The PathFin.ai programme will build on existing AI knowledge sharing, while also broadening the range of solutions available through its knowledge hub. Under the BuildFin.ai pillar, the FFI will collaborate with industry players to create guidance, good practices, industry standards, and common tools and infrastructure for deploying AI, with a particular focus on the safe use of AI agents in financial services. SafeFin.ai will concentrate on promoting sound AI risk management practices.\n\nAs the financial industry increasingly adopts AI, concerns about potential risks have grown. The FFI's formation comes amid growing concern about the risks that rapid AI adoption may pose to the financial sector.",
  "summary": "The interim CEO of the new body is Alan Lim, head of MAS’ financial infrastructure and AI office",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}