AI

Tookitaki Closes US$19.2 Million Series A To Help Fight Money Laundering

Tookitaki a Singaporean regtech firm announced today that it has raised an additional US$11.7 million in funding bringing its total investment for their Series A to US$ 19.2 million. The extended Series A round allows Tookitaki to enhance its product

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UOB Launches AI-Powered Personal Financial Management Tool

United Overseas Bank (UOB) has launched Mighty Insights, an artificial intelligence (AI)-based digital banking service to help their customers better manage their finances. With this digital service, UOB will anticipate and provide insights that enable its customers to track their

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Singapore Based Chatbot Startup Pand.ai Bags US$ 1 Million in Seed Funding

Pand.ai, a Singapore-based artificial intelligence (AI) startup which develops smart chatbots, has snagged US$1 million in seed funding – the largest such amount raised from a single angel investor by a homegrown startup. According to their statement, the unnamed angel

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Singapore Ranks First in Global Cities’ AI Readiness and Smart City Effort

Two recent studies have found Singapore to be the world’s most prepared city for the age of artificial intelligence (AI), and the global leader in terms of smart city effort. The first research, conducted by the Oliver Wyman Forum, ranks

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More Than Half of Financial Services Industry in APAC Have Started on Their AI Journey

Today, Microsoft Asia and IDC Asia Pacific released findings on AI in financial services from the study Future Ready Business: Assessing Asia-Pacific’s Growth with AI, which found that organizations with AI expect to see 41% improvement in competitiveness in three

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Standard Chartered’s VC Arm Participated in AI Firm’s US$40 Million Round

Digital Reasoning, today announced a strategic investment from SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, bringing its Series D-1 funding round total to $40 million. In addition to this investment, Digital Reasoning will partner

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OCBC’s New Voice-Based Virtual Assistant Gaining Traction

Each month, over two million banking transactions and services are performed using the OCBC Mobile Banking app. Since 19 August 2019, the app has offered an AI-powered voice-based virtual assistant – which has helped with over 20,000 requests made via voice.

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How AI and Automation is Changing the Face of Investing

The growing importance of the role played by Artificial Intelligence (AI) in virtually every aspect of modern life is difficult to overstate. In simple terms AI describes the ability of a computer to think and learn. It captures the fact

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Visa Said Their AI-Powered Fraud Detection Helped Prevent US$25 Bil in Fraud Annually

Visa just announced that their Visa Advanced Authorisation (VAA) process, done using artificial intelligence, has helped financial institutions prevent an estimated US$25 billion in annual fraud. VAA, used by Visa themselves, is a comprehensive risk management tool that  monitors and

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Philippines’ Ayala Corp Raising US$150-M Fund for Disruptive Early-Stage Startups

The Ayala Corporation, Philippines’ oldest conglomerate, is raising a new venture capital fund worth US$150 million, dedicated towards investing into early stage startups engaged in e-commerce, as well as what the company deems as disruptive technologies; like fintech, healthtech, artificial intelligence,

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