Singapore Leads Emerging Race to Become World’s First «Trusted AI Financial Hub»
A new report from DBS Group Research argues that the future of global finance will be shaped not only by artificial intelligence capabilities, but by which financial centres can make AI-driven decisions trusted across borders.
The report, titled «The Trusted AI Financial Hub», says AI is rapidly moving from experimental use into the operational core of finance, influencing everything from credit assessments and fraud detection to trading, compliance, risk management and customer engagement.
According to the study, financial leadership in the AI era will increasingly depend on a hub’s ability to combine advanced AI adoption with strong governance, institutional credibility and digital infrastructure.
At the centre of the report is a new concept: the «Trusted AI Financial Hub» — defined as a financial centre where AI systems are deeply integrated into financial services and supported by governance structures robust enough for AI-driven decisions to gain international recognition and acceptance.
To measure competitiveness, DBS Group Research developed the inaugural Global AI Financial Hub Index (GAIFHI), a framework that evaluates financial centres across five pillars: AI integration, trust and governance infrastructure, digital financial infrastructure, talent and innovation and AI-driven market outcomes.
The report also introduces a new metric, «AI Governance Intensity per USD trillion,» designed to assess the strength of AI governance relative to the scale of financial activity handled by each hub.
Researchers examined 15 global financial centres and innovation ecosystems, including Singapore, New York, London, San Francisco, Hong Kong, Tokyo, Shanghai, Mumbai, Sydney and Abu Dhabi.
Full Flywheel Activation
Among the findings, Singapore emerged as the open-market financial hub “closest to full flywheel activation,” driven by what the report described as strong regulatory coherence, advanced digital identity systems, institutional AI adoption and international trust.
The report said these advantages reinforce Singapore’s strategy of positioning itself as a trusted centre for AI solutions and cross-border flows of capital, data and services.
New York retained its standing as the world’s leading AI finance capability hub, supported by deep talent pools, powerful capital markets and strong market outcomes. However, the report identified governance fragmentation and regulatory complexity as constraints that may weaken the city’s global trust signal.
London was described as «repositioning rapidly» through a strengthening principles-based approach to AI governance, though researchers noted that post-Brexit recognition challenges continue to affect its international standing.
Concentration of AI Talent in San Francisco
San Francisco, meanwhile, was recognised for having the deepest concentration of AI talent and innovation capacity among the hubs studied. The report said the city’s ecosystem has become a major driver of financial infrastructure innovation, although its innovation-heavy model may limit its ability to generate the same scale of globally trusted financial intermediation as larger financial centres.
The study also highlighted the growing importance of Asia in the global financial landscape. Asian financial centres accounted for the majority of hubs assessed, reflecting the region’s expanding role in digital infrastructure, payments innovation, regulatory agility and AI deployment.
While traditional financial hubs continue to dominate in capital scale and talent concentration, the report concludes that the competitive landscape is broadening as AI reshapes global finance.
«In the AI era, financial leadership will not be determined by capital or capability alone,» the report said. «It will depend on which hubs can make AI capability trusted, scalable and internationally recognised.»
