AI

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

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

Read More
OCBC’s New Voice-Based Virtual Assistant Gaining Traction
AI

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.

Read More
How AI and Automation is Changing the Face of Investing
AI Trading

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

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

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

Read More
Philippines’ Ayala Corp Raising US$150-M Fund for Disruptive Early-Stage Startups
AI Big Data Funding Philippines

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,

Read More
Huawei Bets on Singapore’s Artificial Intelligence with New AI Innovation Lab
AI

Huawei Bets on Singapore’s Artificial Intelligence with New AI Innovation Lab

Huawei held its Cloud Summit 2019, in which the company announced the launch of its Cloud & AI Innovation Lab in Singapore. The lab aims to cultivate local AI talents and bridge Singapore with state-of-the-art AI technologies globally, and accelerate

Read More
Flywire Joins The Growing Number of Financial Services Deploying Machine Learning
AI Mobile Payments

Flywire Joins The Growing Number of Financial Services Deploying Machine Learning

Flywire a payments firm announced that they are deploying machine learning capabilities into its payments platform. The enhancements are geared towards improving payment to settlement time, increasing security, cost reduction and to streamline reconciliation of the growing number of international

Read More
3 in 4 Banks in Asia Will Invest in Machine Learning This Year
AI

3 in 4 Banks in Asia Will Invest in Machine Learning This Year

The financial services industry is undergoing profound shifts facilitated by technologies including artificial intelligence (AI), robotics and the Internet of Things (IoT), but according to Refinitiv, AI will be the single greatest enabler of competitive advantage in the financial sector.

Read More
AI Driven Fintech AIDA Gets Funding Boost from Mastercard
AI Funding

AI Driven Fintech AIDA Gets Funding Boost from Mastercard

AIDA an artificial intelligence focused fintech recently announced that they have raised an undisclosed sum in their Series A round, which includes investors like Mastercard, Kuok Ventures and SGInnovate. The startup develops machine learning solutions for the banking and insurance

Read More
Singaporean AI for Banks Silot Closes SG$10.85 Mil With SBI Investment
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.

Read More