16 Nov '17, 1am

Singapore puts fintech in spotlight with AI investment, global partnerships

Singapore has announced a slew of initiatives aimed at driving the development and adoption of new technologies in the financial sector, including a S$27 million (US$19.85 million) investment in artificial intelligence (AI). The Monetary Authority of Singapore (MAS) said the monies would go towards a new AI and Data Analytics (AIDA) grant to facilitate the deployment of these technologies amongst financial institutions operating in the country. Latest news on Asia Toshiba sells TV unit to Hisense in $114M deal Huawei announces smart city control centre ​Samsung HMD Odyssey goes on sale in Korea on November 21 ​Alipay enters Vietnam through partnership with NAPAS DHS, FBI describe North Korea's use of FALLCHILL malware These organisations would be able to tap the grant to subsidise up to 50 percent of the cost of projects that used AI and data analytics to glean insights an...

Full article: http://www.zdnet.com/article/singapore-puts-fintech-in-sp...

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