AI

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

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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.

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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

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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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