Artificial intelligence
The Bank of East Asia builds data lakehouse for predicting trends, better CX
BEA will deploy a range of data analytics solutions from Google Cloud.
The Bank of East Asia builds data lakehouse for predicting trends, better CX
BEA will deploy a range of data analytics solutions from Google Cloud.
Techcombank launches AI-powered money management services
It will provide insights on payment behaviors and analyze transactions.
How AI is Modernising Data for the Financial Services Industry
In November, Singapore’s National AI Office (NAIO) collaborated with the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Office (SNDGO) in a programme to strengthen AI capabilities within Singapore’s financial sector by providing financing and access to government data. In fact, even before the pandemic, the financial services industry has already been witnessing an acceleration in digital transformation.
Why the banking and finance sector should not fear AI
As digital adoption hastens, there is now more data than ever. Just in 2020, data volume amounted to 59 trillion gigabytes globally and is expected to grow to more than 180 zettabytes by 2025. Yet, for all this abundance of data, the financial services industry remains surprisingly information-poor. Rapid change is needed if the industry is to unlock the riches of its data and turn what is currently a problem into an opportunity.
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1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Southeast Asia’s digital banks – the road from good to great 4. Maybank rolls out green financial advisory service to SEA SMEs 5. Morgan Stanley opens Southeast Asia headquarters in SingaporeResource Center
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Principled AI key to transformation of financial services
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Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
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