Artificial Intelligence
Banks battle tech giants for scarce AI talent
Banks battle tech giants for scarce AI talent
Financial institutions face mounting pressure to recruit specialists in regulation and risk management.
2 days ago
MAS issues AI risk management guidelines for financial sector
MAS plans to consult on additional guidance on agentic AI in 2027.
6 days ago
APAC finance firms eye $3m agentic AI savings
Only 6% said they were very familiar with the technology in compliance work.
Two in five APAC firms are redesigning key processes around AI
About 41% are rebuilding key processes around the technology versus 28% globally.
AI reshapes finance jobs as 23 firms train 80,000 workers by 2028
More than half of the committed workforce already completed training.
Singaporeans trust AI to compare loans but not to apply for them
Only 27% of respondents said they'd grant an AI agent conditional or full autonomy.
Ant International launches protocol for agentic AI payments
10 mobile wallets and 7 acquiring partners will adopt the protocol in the first phase.
Financial firms rank data quality as top AI compliance risk
Generative technology attracted interest from 77% of respondents.
Trust Bank launches AI Ask for conversational finance queries
The bank said that it will only use the specific customer’s transaction information to answer their question.
Indian banks’ AI adoption stalls at pilot: survey
None are at a data environment that is fully ready to scale, Zeta found.
Banks rethink legacy IT costs to fund AI
Banks are rethinking legacy technology spending and vendor strategies to free capital for AI whilst keeping operations resilient.
DBS, IBF sign first MOU on AI skills for finance sector
More than 11,000 employees have been upskilled in AI-reshaped roles.
Can AI replace wealth advisers?
Affluent investors still seek human judgement for major financial decisions.
OCBC deploys agentic AI platform to halve wealth client onboarding time
Bank of Singapore RMs have already began using HELIOS.
Finance professionals sideline coding for GenAI
Data visualisation ranks second at 34% whilst process automation reaches 29%.
Only 1 in 4 Malaysian banks trust AI outputs for decisions: study
Only 26% of financial institutions have a defined strategy for AI adoption.
82% of SEA CFOs target growth but siloed data slows finance AI rollout
Automating a flawed process with AI accelerates inefficiency and that process redesign must come before any tool adoption.
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1. Rising rates to favour OCBC and UOB over DBS 2. MAS issues AI risk management guidelines for financial sector 3. OCBC and Ant International launch tokenised deposit treasury solution 4. SG banks face earnings pressure amidst margin and wealth income concerns 5. Investment banking heats up as Singapore M&A hits $104.3bResource Center
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