AI
UOB Co-Develops AI-Powered AML Solution With Tookitaki
UOB has co-developed an artificial intelligence (AI) powered anti-money laundering (AML) solution with Singaporean regtech company Tookitaki after more than two years of rigorous validation and evaluation. The solution is said to be highly accurate in identifying suspicious transactions and
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Study: APAC Financial Institutions Embrace AI/ML
In Asia Pacific (APAC), adoption of artificial intelligence (AI) and machine learning (ML) in financial markets is accelerating. Though organizations in the Americas still lead in terms of AI/ML maturity and investment levels, those in APAC follow closely behind, according
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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties
Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000
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Visa Harnesses AI to Reduce Transaction Declines by up to 50%
Visa announced its Smarter Stand-in Processing (Smarter STIP), a new capability that uses real-time artificial intelligence (AI) to help financial institutions manage transaction authorisations when service disruptions occur. Using deep learning to analyse past transactions, Smarter STIP generates informed decisions
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Will AI Trigger Massive Job Losses in Financial Services?
In financial services, the adoption of artificial intelligence (AI) is growing rapidly, bringing in a plethora of opportunities for customer experience and personalization. Yet, the question of regulation still lingers and must be addressed to tackle the potential risks of
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DBS Partners AWS To Future-Proof Employees With AI & Machine Learning Skills
DBS is taking steps to future-proof its workforce by announcing a collaboration with Amazon Web Services (AWS) to ensure its employees are equipped with fundamental skills in Artificial Intelligence (AI) and Machine Learning (ML) by the end of the year.
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Silent Eight Uses AI to Fight Financial Crime
COVID-19 continues to spread in Singapore with now more than 30,400 confirmed cases and over 20 deaths, according to the latest data from the John Hopkins University. Though the numbers continue to rise, with 614 new cases of COVID-19 infection
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Pand.ai Powers CIMB SG’s Chatbot Help Businesses Seeking Support During COVID-19
Pand.ai announced today that it has developed a chatbot for CIMB Singapore to help business owners with their queries on COVID-19 financial schemes offered by the bank. CIMB said that it is the first bank in Singapore to have developed
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Singapore Based Deeptech Dathena Raises US$ 12M in Jungle Ventures Led Round
Singapore-based deep-tech company Dathena, a provider AI-powered data protection and privacy management for global enterprises, today announced that they have closed a $12 million Series A round led by Jungle Ventures, with the participation of Caphorn and SEEDS Capital, an
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8 Takeaways and Recommendations for the Age of AI in Asia
Ti&m, a leading Swiss IT provider and digital solution developer, has released a special magazine on artificial intelligence (AI), exploring the technology’s impact on the business world and addressing how companies should react to it. In the magazine, ti&m executives and experts
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