( November 4, 2026, 04:47 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore on Tuesday said that the Future of Finance Institute has commenced operations, initially focusing on accelerating AI adoption in financial services. The public-private initiative will operate through three pillars: AI knowledge-sharing, capability development and risk management. It will bring together financial institutions, technology companies and research institutions to develop best practices, industry standards and tools for AI deployment, including agentic AI. The FFI will also support implementation of MAS’ AI Risk Management Guidelines and enhance its MindForge AI Risk Management toolkit. It plans to expand into other areas, including tokenization. Alan Lim has been appointed interim CEO.Statement follows....
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