AI
Singaporean AI for Banks Silot Closes SG$10.85 Mil With SBI Investment
Silot, an AI platform for intelligent financial decisions, recently completed its Series A Round with US$8 million (SG$10.85 million) with SBI Investment being the lead investor, followed by Sumitomo Corporation, MUFG’s subsidiary Krungsri Finnovate, and the previous investor Arbor Ventures.
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UOB Expands Their 15-Minute Loan Approvals for SMEs with OctoRocket
With the signing of a memorandum of understanding, UOB will enable small businesses that use OctoRocket for at least six months to apply for financing directly on the platform itself. Instead of relying on a small business’ financial statements, the UOB
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The Potential of AI in Banking
Artificial intelligence (AI), an umbrella term for a host of different technologies including machine learning and natural language, holds many promises in the banking industry. Analysts estimates that AI could save the industry more than US$1 trillion by 2030. While
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These Are The 13 Fintech Companies to Watch in Singapore in 2019
2019 is right around the corner, which means we are near the end of an eventful year of fintech in Singapore. The Singapore Fintech Festival was probably the biggest one here yet, and the Monetary Authority of Singapore (MAS) has
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SGInnovate Announces 3 More Investments as Part of its Deep Tech Strategy
SGInnovate just announced that they have invested into three deep tech startups: Horizon Quantum Computing, Involt and Portcast. The announcement was made on the second anniversary of SGInnovate’s founding and one year after the announcement of its Deep Tech Nexus
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Ping An Group Brings Their SME Tech Solution, OneConnect to Singapore
Ping An, a well-known China-based insurance group officially launches OneConnect in Singapore this month, a SaaS platform providing higher-tier tech to SMES, in the fields of blockchain and a few AI innovations like facial recognition, cloud platforms, biometrics, voice print,
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APIX, a Global Marketplace for Cross-Border Fintech Services Officially Hits The Market
The often spoken about APIX has finally come to fruition, something the Monetary Authority of Singapore has been quite vocal about. It was launched following Narendra Modi’s keynote speech at the Singapore Fintech Festival, said to be one of the
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Singapore Uses AI to Give SMEs Access to International Trade Opportunities
The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) are partnering with six private sector partners to create a Proof of Concept hybrid business data and digital solutions hub. The initiative will leverage on Artificial Intelligence (AI)
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GTR Ventures Signed 3 Separate Fintech Deals at Singapore Fintech Festival
GTR Ventures, an investment and venture-building platform that specialises in trade and supply chain has announced three new deals with Lucidity, iLoan, and RM-Tech, each a company hailing from a different Asian region. These three investments for GTR Ventures represents
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MAS Unveils FEAT Principles to Promote Responsible Use of AI and Data Analytics
The Monetary Authority of Singapore (MAS) has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides
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