The Singapore FinTech Festival 2025, held from 12 to 14 November, marked a significant milestone with the launch of the Global Open Source AI Hub. This initiative aims to position Singapore as a leader in open-source artificial intelligence (AI) innovation within the financial services sector. The event, co-organised by the Global Finance Technology Network (GFTN), TiDB, and Yincubator, highlighted the role of open-source technology in fostering scalable, regulation-aware AI adoption.
The Global Open Source AI Hub was officially launched by Tan Kiat How, Senior Minister of State, Ministry of Digital Development and Information, on 14 November. He emphasised Singapore’s commitment to enhancing the global open-source ecosystem, leveraging its strengths in neutrality, trust, and interoperability. The hub is designed to be a strategic platform where policy, technology, and community converge to develop transparent and inclusive AI systems.
The hub focuses on three main areas: talent, community, and commercialisation. It aims to partner with academia and industry to create learning and reskilling programmes, foster collaboration among regulators and developers, and turn open-source innovations into practical applications.
Yincubator introduced the Born Global Package, a framework to accelerate AI-native and open-source start-ups from Singapore. This initiative offers incorporation, intellectual property domiciling, and access to global talent and markets.
A report by TiDB, developed in collaboration with industry partners, was also unveiled. It explores how open-source technologies can facilitate scalable and regulation-aware AI adoption amidst global policy challenges.
The festival concluded with live demonstrations from over 70,000 attendees, reaffirming Singapore’s leadership in global collaboration on digital transformation and sustainable finance.
