Active Use of AI Across Finance Functions More than Double in 2 Years

Southeast Asia is outpacing global AI adoption in finance, with nearly half of its firms moving beyond pilots compared to 35% globally. Notably, 8% of Southeast Asian companies have fully scaled AI initiatives, exceeding the global average of 6%. Singapore and Indonesia are leading the charge in the region, with 56% and 51% of respondents, respectively, reporting progress toward scaled adoption. The real story here is not just the rapid adoption, but the tangible economic impact. ASEAN projects AI could boost the region’s GDP by 10% to 18%, potentially adding US$1 trillion by 2030. This forecast, while ambitious, reflects the observed gains in efficiency and productivity. The challenge for Southeast Asian firms will be addressing the critical shortage of AI skills and improving data quality, which are identified as major constraints even with the high adoption rates.