AI

Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion

The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what’s the real story around what AI can do? Beyond just automating certain processes,

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Over a Quarter of Banks Report Improved Revenue After Implementing AI

Adoption of artificial intelligence (AI) is growing rapidly in the financial services sector, as organizations all seek to benefit from the advantages brought about by the technology, including streamlined processes, task automation and improved customer experience. A new survey conducted

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How Do You Approach Your Data in a New Way by Making It Smarter

In the era of rising customer expectations and savvier consumers, financial organisations are under increased pressure to provide customers with hyper-personalised experiences. In fact, more than half of customers expect to always have personalised offers and 66 percent expect companies

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In Banking, Data Become The “Differentiating Baseline”

In Asia, market liberalization pushes, coupled with changing customer behaviors and advances in technology, are forcing banks to move away from a product-centric approach to a customer-centric one where data become critical in guaranteeing the value and relevance of products

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Personetics Secures US$85 Million Investment From Thoma Bravo

Personetics, a global provider of data-driven personalisation solutions, announced it has raised US$85 million from software investment firm Thoma Bravo. The firm will be partnering with Thoma Bravo to leverage the latter’s operational expertise in software and financial technology. The

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The Next Frontiers of AI and Machine Learning in Data

With data becoming a core business asset for financial companies, artificial intelligence and machine learning (AI/ML) continues to be a focal point in maximising the competitive advantage of this ‘new oil’. This is according to a new study by LSEG

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Pand.Ai Unveils Bilingual Chatbot for Motor Insurance With Allianz, Etiqa, and MSIG

Singapore-based AI startup Pand.ai has unveiled GINA.sg, an English-Chinese bilingual WhatsApp chatbot that helps car owners find the most competitive motor insurance that suits their profiles. This was done in partnership with 3 major insurance companies namely Allianz, Etiqa, and

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Check Out the 3 Winners of MAS’ Global Veritas Challenge 2021

The Monetary Authority of Singapore (MAS) has announced the three winners of the inaugural Global Veritas Challenge 2021 where each of them received a cash prize of S$50,000. The winners, selected from a pool of ten finalists, successfully addressed key

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The Bank of the Future Will Be Powered by AI

Evolving consumer demands, increasing competition, technology advancements and changing regulation are driving transformative changes in the banking sector, forcing incumbent banks and financial institutions to embrace cloud computing and artificial intelligence (AI) to remain relevant, a new paper by Mambu

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Singapore Rolls Out 2 New AI Programmes, Sets Aside S$180 Million More for Research

Singapore will be setting aside an additional S$180 million to accelerate fundamental and translational AI research on top of the S$500 million that has been committed so far, according to the Deputy Prime Minister and Coordinating Minister for Economic Policies,

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