MAS managing director Ravi Menon said: “AIDF will be an important addition to Singapore’s rich and vibrant fintech ecosystem. Through applied research and active collaboration with industry, AIDF will help to build strong capabilities in digital finance and fintech.
The institute’s faculty will bring together deep expertise in areas such as payments, credit and lending, financial advisory and wealth management and retail and corporate banking. It will also encompass digital architecture, big data, cloud computing and artificial intelligence. There will also be a steering group comprising NUS provost and senior deputy president Ho Teck Hua, MAS chief fintech officer Sopnendu Mohanty and thought leaders from the financial and technology industries. They will provide guidance on designing the curriculum and align the research direction with strategic priorities here and in the region.
NUS president Tan Eng Chye added: “NUS’ thought leadership in digital technologies such as artificial intelligence, blockchain, cloud computing, and data science makes us perfectly positioned to address the challenges of the digital economy in Singapore and other parts of the world.”