More than half of Singaporeans consult AI for financial advice, according to survey
Source: The Independent
Published on: 2026-06-19 09:19
SINGAPORE: Artificial Intelligence has indeed become a necessity in Singaporeans life, especially in ensuring that people can be responsible with handling their money. According to the data released by Sun Life Financial Asia, more than half of the Singaporean population are now consulting generative AI tools for financial advice. As reported by Yan.sg, with the use of AI, Singaporeans would ask these tools about allocating their budget for the month, when to dive into the insurance sector, how to buy and sell stocks, and the likes. Furthermore, the Monetary Authority of Singapore (MAS) is now studying how to regulate AI-powered financial services, showing that the Singapore government is also paying attention to this area. However, it is always important to remember that AI is not capable of solving it all. To truly manage one's finances, people still need to keep track of the accoun...
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