AI
How Are Asia’s Leading Lenders Leveraging Artificial Intelligence?
In Asia Pacific (APAC), artificial intelligence (AI) and machine learning (ML) are increasingly being deployed in credit and risk functions for improved credit assessment, credit scoring and fraud detection. Moving forward, AI will no longer be an option for banks
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4 Ways Alternative Data Is Improving Fintech Companies in APAC
Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to
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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner
Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from
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MAS Taps AI-Powered NovA! For Green Financing as Its First Use Case
The Monetary Authority of Singapore (MAS) announced the first use case of NovA! to help financial institutions (FIs) assess the sustainability performance of Singapore’s real estate sector. NovA! is a part of the National Artificial Intelligence (AI) Programme in Finance
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Vietnam’s FPT Software Partners With Squirro to Unlock Insights From Data
Vietnam’s IT firm FPT Software announced that it has formed a partnership with Squirro, a Switzerland-based augmented intelligence solutions provider. Through this partnership, the two companies will offer their customers comprehensive enterprise solutions backed by Artificial Intelligence (AI) to leverage
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Vietnamese Fintech Trusting Social Bags US$ 65 Million Investment From Masan Group
Trusting Social, a Vietnam-based AI-powered credit scoring platform, announced that it has secured US$ 65 million for the initial close of its Series C funding round from The Sherpa Company, a subsidiary of Masan Group. According to DealStreetAsia, Masan now
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Finbots.AI Secures US$3 Million in Series A Funding Round From Accel
Finbots.AI, an AI-powered credit scoring software provider, announced it has raised a US$3 million Series A funding round. This round saw the participation of a single investor – Accel, that made this investment from its Fund VII and this marks
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Gupshup Inks Deal to Acquire Conversational AI Platform Active.Ai
Conversational messaging platform Gupshup announced the acquisition of Active.Ai, a conversational AI platform used by banks and fintech firms. The sum was not disclosed. The acquisition aims to strengthen Gupshup’s customer experience solutions for its banking, financial services and insurance
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BIS Innovation Hub and MAS Developed a Supervisory Analytics Platform
The BIS Innovation Hub Singapore Center and the Monetary Authority of Singapore (MAS) have jointly developed a new supervisory analytics platform known as Project Ellipse. The platform successfully demonstrates how regulatory and other data, such as articles and news, can
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InterSystems Rolls Out a Suite Solutions Powered by Smart Data Fabrics
Data technology provider InterSystems has launched a suite of new solutions that will help financial institutions become more agile, make faster, more informed decisions, and respond better to changing customer expectations. The Business 360, Customer 360, Institutional Client 360, and
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