Bank of Singapore has won Best In-house Use of AI for Financial Crime Investigations at the 8th Regulation Asia Awards for Excellence 2025,

Bank of Singapore has won Best In-house Use of AI for Financial Crime Investigations at the 8th Regulation Asia Awards for Excellence 2025, celebrated in person on 10 November 2025, for the development of a comprehensive suite of proprietary AI-driven models to enhance its investigative processes. 

This award recognises a financial institution that has demonstrated outstanding innovation in leveraging artificial intelligence to detect, investigate, and mitigate financial crime risks. The judges looked for in-house solutions that are deeply integrated into workflows, demonstrate a sophisticated understanding of risk, and deliver a strategic advantage in the fight against illicit activities. 

Bank of Singapore was recognised for its holistic and ambitious approach to embedding AI within its compliance framework. Instead of a single tool, the bank has developed an interconnected ecosystem of models, including its Dynamic Trigger Monitoring, Fraudulent Financial Statements, and Adverse News analytics solutions. These models are built entirely in-house and are designed to work in concert, providing investigators with a more complete and contextualised view of client risk. 

A standout feature noted by the judges was the model for detecting fraudulent financial statements, which leverages native Chinese language processing - a capability that showcases a deep understanding of regional-specific risks. 

“To deliver this suite of AI capabilities as an in-house build only is a remarkable achievement,” commented a judge on the Regulation Asia Awards panel. “Bank of Singapore’s use of native Chinese language processing for analysing financial statements is particularly innovative, showcasing a level of regional specialisation that generic solutions cannot match. It shows they are not just applying AI, but are thoughtfully tailoring it to the unique challenges of their market.” 

About the Regulation Asia Awards for Excellence 2025  

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.    

For a full list of the 2025 award winners, visit www.regulationasia.com/awards.  

About Regulation Asia  

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.  

Visit www.regulationasia.com or connect via LinkedIn or Twitter.