AI
Generative AI Risks Require Guardrails, MAS Cybersecurity Panel Advises
The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) has raised awareness of the potential benefits and risks from the growing adoption of Generative AI (GenAI) by the financial sector. This is one of the key insights from
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OCBC to Deploy Generative AI Chatbot Powered by ChatGPT for Staff Globally
OCBC announced that it will deploy a generative artificial intelligence (AI) chatbot to its 30,000 employees globally in November 2023. The chatbot, powered by ChatGPT’s Large Language Models, will help employees with writing, research, and ideation. The OCBC ChatGPT was
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Harnessing Responsible AI in the Financial Sector
Artificial Intelligence (AI) has become integral to our daily lives, driving technological advancements and enhancing various industries, including finance. However, the increasing use of AI also raises concerns about responsible and ethical practices. It is essential to ensure that AI
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MAS Announces 19 Finalists for AI in Finance Global Challenge
The Monetary Authority of Singapore (MAS) has announced the 19 finalists for the “Artificial Intelligence (AI) in Finance Global Challenge” under the 2023 Global Fintech Hackcelerator. The finalists submitted solutions such as the use of cognitive AI technology to process
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UOB First Singapore Bank to Trial Microsoft 365 Copilot Generative AI Tool
United Overseas Bank (UOB) initiated its trial of Microsoft 365 Copilot, marking it as the first Singapore bank to integrate this Generative Artificial Intelligence (Generative AI) tool. Under the Microsoft 365 Copilot Early Access Program (EAP), starting in October, around
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Redefining Project Management: AI and Automation at the Helm
Navigating the New Wave: AI’s Role in Project Management Do you recall those days when manually sifting through data was a task? Or when tracking project timelines felt cumbersome? If the nostalgia hits hard, there’s good news. AI and automation
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Crypto.com Kicks off Its Inaugural APAC Hackathon Focused On Web3.0, AI
Crypto.com has launched its inaugural APAC Hackathon focused on Web3.0 and AI-powered solutions to support the 2030 Agenda for Sustainable Development. The agenda, adopted by all United Nations Member States in 2015, provides a blueprint to achieving the 17 Sustainable
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Temenos Rolls Out Generative AI Solution for Banks
Banking software company Temenos has rolled out a secure solution for banks using Generative Artificial Intelligence (AI) to automatically classify customers’ banking transactions with a high degree of accuracy in different languages. This would help banks provide personalised insights and
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Tenity and Julius Baer Announce Winners of Intrapreneurship Programme
Tenity, a fintech incubator and accelerator formerly known as F10, and Swiss wealth management group Julius Baer has announced the winners for the Julius Baer x Tenity Intrapreneurship Programme. The six-week programme, which ran from 27 May to 12 July
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MAS: Risk of Artificial Intelligence “Herding” Traders Still Low in Singapore
The risk of “herding” in trading platforms due to the use of AI models is still low as financial institutions (FIs) in Singapore are still at a nascent stage of using AI models for decision-making, says the Monetary Authority of
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