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Digital Banks Bet Big on AI but Face a Hard Question: Where Is the ROI?
Singapore's digital bank leaders gather at the ABF & Insurance Asia Summit to confront a growing tension: AI investment is surging but measurable returns remain elusive. Green Link Digital Bank, ANEXT Bank, GXS Bank and MariBank shared how they are tying AI spend to profitability, risk management, and scalable infrastructure.
Korean AI Firm Neurophet Brings Brain Imaging Software to Raffles Medical Singapore
Korean AI diagnostics firm Neurophet has signed a supply agreement with Raffles Medical to deploy its Neurophet AQUA brain imaging analysis software across the hospital group's network in Singapore. The AI-powered platform performs ultra-fast quantitative analysis of MRI scans to detect Alzheimer's disease, vascular dementia, and other neurodegenerative conditions.
Parliament to Debate AI-Driven Transport Jobs and Emerging Tech Next Week
Singapore's Parliament will debate a motion on July 7 focused on strengthening the nation's position as a global transport hub through AI, autonomous vehicles, and digital infrastructure. The debate, led by Marine Parade-Braddell Heights GRC MP Tin Pei Ling, will also address workforce training for an AI-driven future and stronger partnerships between multinational corporations, SMEs, and startups.
Human Oversight Remains Central as Singapore Insurers Adopt Agentic AI
Insurers in Singapore are beginning to deploy agentic artificial intelligence to automate underwriting, document verification, and customer servicing, but final decisions carrying financial and regulatory risk still require human sign-off, according to German IT consultancy valantic.
Singapore Seizes $42M Luxury Mansion Linked to Nvidia AI Chip Smuggling
Singapore police have seized a luxury bungalow worth S$55 million (US$42.5 million) allegedly purchased with proceeds from smuggling Nvidia AI servers into China, marking the first time corporate entities have been charged in the city-state's escalating crackdown on US export control violations.
ISCA and IMDA Launch AI Fluency Programme for 60,000 Accountancy Professionals
ISCA and IMDA have launched AIxAccountancy, a free AI fluency programme targeting 60,000 accounting and corporate finance professionals over three years under the National AI Impact Programme, with the Accountant-General's Department planning to incorporate it into training for all 4,000 public-sector finance officers.
Amity Opens Singapore AI Hub Following US$100 Million Series D Funding
Enterprise AI firm Amity has opened a new AI research hub in Singapore, backed by US$100 million in Series D funding led by EDBI, with plans to create up to 60 specialised AI roles and develop vertical-specific agentic AI models for financial services and other sectors.
MAS and Industry Partners Set Guardrails for AI Agents With New SAFR Framework
MAS has backed a new industry framework called SAFR that sets runtime guardrails for AI agents in financial systems, requiring human review checkpoints and full audit trails before autonomous actions are executed. The framework positions Singapore as a leader in agentic AI governance for the financial sector.
XstraStar Launches G-Power Framework to Measure AI Search Visibility
Singapore-based XstraStar has introduced G-Power, a 0-100 composite scoring framework designed to help brands quantify their visibility and influence across generative AI platforms, as part of its Generative Engine Optimisation methodology for the AI search era.
Singapore Seizes S$55M Bungalow in Nvidia AI Chip Smuggling Probe
Singapore police have seized a S$55 million luxury bungalow and frozen nearly S$1 million in bank funds as part of an expanding investigation into an alleged scheme to smuggle advanced Nvidia AI chips in violation of US export controls, with new charges filed against four individuals and four corporate entities.
NTUC LearningHub Maps AI Skills Pathway for Singapore Jobseekers
NTUC LearningHub has identified generative AI, prompt engineering, and agentic AI as the top skills Singapore employers demand in 2026, offering a four-tier competency framework from AI Literate to AI Specialised with UTAP subsidies covering both courses and AI tool subscriptions.
Singapore Actress Eswari Gunasagar Targeted by AI-Generated Fake Images
Singaporean actress and TV host Eswari Gunasagar has spoken out after AI-generated fake images of her were posted on Facebook, highlighting the growing threat of non-consensual AI deepfakes targeting women and the victim-blaming that often follows.