American Express Sets up New Innovation Center in Singaporeby Fintech News Singapore December 15, 2022
American Express has set up a new Decision Science Center of Excellence (CoE) in Singapore with the aim to deliver global data-driven solutions.
Initially the center will be focused on data science applications in the areas of credit and fraud risk model development using artificial intelligence (AI), machine learning (ML), and natural language processing (NLP).
Over time, American Express said that it will be looking to expand the focus area of the center to develop AI, ML and NLP technology use cases to support its growth.
According to American Express’ job listing, the company is looking to hire those with master’s degrees or PhDs in the areas of mathematics, engineering, finance, computer science, or other equivalent technical programs for data scientist and AI/ML researcher roles.
“Singapore is a recognised world-leading financial and technology hub. Setting up a global innovation center in Singapore reflects our commitment to continue investing in this country, and we are confident the country’s exceptional and diverse talent will help fuel American Express’ next wave of innovation to better service our global card member base.”
said Changbin Wang, Managing Director for the American Express’ Singapore Decision Science Center of Excellence.
“American Express’ Decision Science CoE is an exciting addition to Singapore’s digital industry, presenting more opportunities for talent to apply cutting-edge research methods to solve global-scale and complex issues faced by the industry. We look forward to the exciting outcomes from the CoE which will in turn attract and groom global experts from Singapore,”
said Philbert Gomez, Vice President and Head, Digital Industry Singapore (DISG).
DISG is a joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA).