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BIS Chief Warns Disappointing AI Returns Could Turn Investment Boom “Into a B...
Disappointing AI returns could turn the current capital spending boom “into a bust,” BIS chief Pablo Hernández de Cos warned. Speaking at the Global Fintech Fest 2026 in Mumbai, the General Manager of the Bank for International Settlements (BIS) highlighted rising debt and opaque financing.
Singapore’s Sapiens Technology Named to the 2026 Forbes Asia 100 to Watch
Sapiens Technology, the Singapore company behind Agnes AI, has been named to the 2026 Forbes Asia 100 to Watch in the Enterprise Technology category. It is one of just 15 Singapore companies recognised on this year’s list.
Trust and Control Emerge as Key Barriers to AI-Enabled Commerce
Globally, artificial intelligence (AI) is being adopted at a rapid pace for shopping discovery. But as the technology moves from exploration to execution through AI agents, adoption is becoming more selective, hindered by trust and control concerns, according to a new survey by Alipay+ and S&P.
Ant International Expands Agentic Payments Across 10 Major Asian Wallets
Alipay, GCash and TNG eWallet are among 10 digital wallets joining the first phase of Ant International’s Agentic Mobile Protocol (AMP) rollout. The technology enables artificial intelligence agents to make authorised payments through wallets, super apps and smart devices.
OpenAI Rolls Out ChatGPT Built for Financial Services
OpenAI has launched a finance-focused version of ChatGPT with built-in data for research, modelling and client materials. ChatGPT for Financial Services combines GPT-6 Astra with datasets from Daloopa, PitchBook, LSEG News and Crunchbase.
Mastercard Makes It Easier for Merchants to Sell With AI Shopping Agents
Mastercard is giving merchants a simpler way to connect their products and payments with AI shopping agents. Its new Agent Connect service will link merchants, AI agents, digital platforms and payment providers through a single integration.
Mastercard, Visa and Ant International Move to Make AI Agent Payments Safer
Mastercard, Visa and Ant International want to make payments safer when AI agents shop for consumers. The companies are exploring an interoperable Know-Your-Agent framework to help payment networks, digital wallets, agent platforms and marketplaces identify AI agents and who operates them.
Backbase Adds Mastercard’s AI Tools to Its Banking OS
Mastercard and Backbase are collaborating to bring Mastercard’s AI, data insights and ecosystem capabilities into the Backbase AI-native Banking Operating System, giving banks access to tools for personalisation, analytics, customer engagement and cyber resilience.
Visa Updates Singapore Security Roadmap as AI Payment Scams Rise
Visa has unveiled an updated security roadmap for Singapore’s payments sector as it responds to a shift towards authorised payment scams, where fraudsters use AI and social engineering to manipulate consumer behaviour.
Gemini Secures MAS Licence for Crypto, Cross-Border Payments
Crypto exchange Gemini has secured a Major Payment Institution licence from the Monetary Authority of Singapore. According to the MAS Financial Institutions Directory, the licence covers cross-border money transfer and digital payment token services.
Finmo Opens New Singapore HQ as Monthly Transactions Top US$1 Billion
Finmo has opened a new global headquarters in Singapore as its monthly transaction volume surpasses US$1 billion. The Singapore-founded fintech plans to grow its local team and invest further in artificial intelligence (AI) and treasury intelligence from the Suntec City office.
Singapore's AI Lead Is Real — But the Security Gap Is Widening
Singapore has moved past AI experimentation into full-scale deployment, with 21 percent of organisations at advanced maturity — nearly double the global average. But a new report warns that this speed has outpaced security controls, leaving enterprises exposed to data leaks, AI-driven phishing, and overprivileged cloud identities.