Artificial Intelligence

Can AI replace wealth advisers?

Affluent investors still seek human judgement for major financial decisions.

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.

CommBank tests AI banking assistant in app pilot

CommBank Companion will use live data to deliver financial info to customers.

CommBank names UNSW’s Mary-Anne Williams as chief AI strategist

Wiliams will lead CommBank’s team of AI scientists.

Banks face budget squeeze from AI and legacy systems

Corporate IT allocations are projected to keep climbing through 2027.

2 in 5 APAC finance firms lag in AI or machine learning

Survey shows that 61.2% now use AI or machine learning in live settings.

Citi forms AI Infrastructure Banking team to tap $3t financing opportunity

The team aims to provide debt financing to fund data centres and other infra capacity.

NPCI’s FiMI AI model to handle UPI disputes

It uses an agentic AI framework for multi-step reasoning tasks.

AI disruption accelerates Southeast Asia’s telecom shift

Regional telcos turn to AI to boost efficiency and revenue.

Standard Chartered filters AI through business-first lens

Clear objectives and disciplined architecture are essential to scaling responsible AI.

Banks’ AI adoption to shape cost and revenue advantage

An AI-gap may emerge amongst global banks depending on their adoption journeys, says S&P.

How can banks use AI and digital rails to cut trade finance inefficiencies?

It can reduce compliance burdens, but only if they are designed to be simple, trusted, and interoperable. 

How Citi Wealth uses AI for insights to support, not replace advisors

Research shows that 70% of wealth managers believe AI enhances.