In a speech at the Financial Industry Fiesta, the Monetary Authority of Singapore announced a new Young Talent Programme for AI in Finance and set out broader measures to strengthen education-to-work pathways in the financial sector. The package focuses on giving students and graduates more structured industry exposure, expanding internships and traineeships, and building AI-related skills across both new entrants and the existing workforce. The new programme is designed to give students applied AI and financial sector skills through industry projects and mentoring, with internship and traineeship opportunities for strong performers. Its pilot will start in August with around 20 participating financial institutions, and the curriculum developed with SMU and NTU will count for academic credit for their students. MAS and the Institute of Banking and Finance are also exploring work-study pathways for polytechnic students with NTU, the five polytechnics and participating firms. For graduates, MAS and IBF have worked with around 20 financial institutions to make more than 1,000 internship and traineeship positions available over the next year, including UBS plans to take in over 30 university and polytechnic graduate trainees. MAS also said it will support more programmes that combine formal AI training with on-the-job experience, citing UOB’s two-year Artificial Intelligence and Data Analytics Programme as a model. More details on the Young Talent Programme for AI in Finance were due to be published on IBF’s website, and MAS indicated it may extend the model to more institutions, firms and other emerging growth areas over time.

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