Artificial Intelligence
Banks face budget squeeze from AI and legacy systems
Banks face budget squeeze from AI and legacy systems
Corporate IT allocations are projected to keep climbing through 2027.
6 days ago
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.
Why banks see AI as a shift from product selling to service
There has been a notable 80% reduction in contact centre handling times.
AI agents shift financial services from infrastructure to impact
Almost all institutions now use AI to boost efficiency and customer experience.
Security Bank modernises core systems to meet digital demand
The bank is investing in AI, cloud, and omnichannel platforms to future-proof its operations.
CommBank deploys AI-powered bots to fight scams
The bots engage scammers, gather intelligence, and disrupt scam operations, it said.
UOB inks MOU with Accenture for AI adoption and application
UOB will also upskill its employees.
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.
AI needs better explainability to build decision-makers’ trust
Transparency and collaboration are key to meaningful AI adoption.
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1. HDFC Bank hires law firm to review ex-chairman’s resignation 2. From behavioural change to scalable inclusion: Cross-border payments in APAC 3. HSBC Singapore unveils refreshed mobile app with expanded wealth services 4. Banks face budget squeeze from AI and legacy systems 5. Banks hit AI plateau as 80% see no bottom-line impactResource Center
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