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MAS Chief Warns AI Investment Boom Could Trigger Global Financial Stability Risks
MAS managing director Chia Der Jiun warned that global growth has become dangerously dependent on AI investment sustainability, outlining two scenarios that could reshape financial markets. The central bank also announced a new industry task force to tackle frontier AI and quantum computing risks facing Singapore's financial sector.
NUS Launches AI Sense Maker Chatbot to Unlock 150,000 Rare Collections and Research Papers
Singapore's oldest university is betting that AI can solve one of academia's most persistent problems: finding the right source material in a sea of digitised knowledge. The National University of Singapore has launched AI Sense Maker, an AI chatbot powered by OpenAI's GPT 4.1 and retrieval-augmented...
MAS and ABS Establish AI-Driven Cyber and Technology Risk Taskforce
On the same day it released its annual report flagging AI investment risks, the Monetary Authority of Singapore announced a new industry-wide initiative specifically designed to counter them. Working with the Association of Banks in Singapore, MAS has established the AI-Driven Cyber and Technology Risk...
MAS reports net profit of S$20 billion driven by strong investment gains
On Tuesday, the Monetary Authority of Singapore released its annual report showing a net profit of S0 billion for FY2025/2026 — the third highest on record — driven by S9.8 billion in investment gains across bonds and equities in both developed and emerging markets. But buried in the upbeat numbers was a...
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HSBC is doubling down on Singapore as its Asian growth engine with a dual-pronged hiring push: 100 AI specialists for a new global AI centre and 100 wealth relationship managers. The move comes as the bank reshapes its workforce around AI adoption while expanding the high-fee wealth business that Singapore's...
Fenergo Launches Fen-AI to Automate KYC Work for Financial Institutions
For Singapore's financial institutions — already navigating MAS's push for responsible AI adoption — the challenge of using AI in regulated environments comes down to one question: can you prove what the AI did and why? Fenergo's latest launch suggests the market is starting to answer that question
DBS Upgrades AI Assistants to Support Banking Tasks for Over 10 Million Users
Singapore's largest bank is making a bet that feels both obvious and quietly ambitious: that the future of banking isn't a mobile app overhaul, but an AI agent that sits inside it, ready to act. DBS has spent the better part of a decade building AI capabilities — from fraud detection to personalised insights...
Indonesia and Singapore Renew Education Partnership With AI and Digital Learning at the Core
Indonesia and Singapore are strengthening their education partnership with a renewed focus on AI and digital learning, updating a bilateral MoU first signed in 2017. Indonesian Minister Abdul Mu'ti highlighted AI-enabled distance learning as a tool to reach 50 million students across the archipelago.
Singapore's First AI Agents Sandbox Reveals the Gap Between Testing and Production Reality
Singapore's first AI Agents Sandbox — a joint initiative by CSA, GovTech, IMDA, and Google — tested autonomous AI in controlled settings over four months. The findings reveal a critical gap between sandbox testing and production deployment, as 74% of companies plan to deploy agentic AI within two years but only 21% have mature governance models in place.
Nine in 10 Singaporeans Use AI-Powered Platforms to Manage Finances, MDRT Survey Finds
The divide between how Singaporeans manage their money and how they used to do it is narrowing fast. A new survey from the Million Dollar Round Table (MDRT) finds that nearly nine out of ten people in Singapore now turn to digital platforms — including AI-powered tools — for everything from everyday...
Rising AI Token Costs No Problem for Toku, Says CEO as SGX-Listed Firm Charts Expansion
The narrative around enterprise AI costs has taken a sharp turn in recent months. After years of declining per-token prices, leading model providers like OpenAI and Anthropic have raised their rates, triggering widespread concerns among businesses that had bet big on AI-driven efficiency.
Microsoft’s Project Perception Uses AI Agents to Detect and Address Cyber Risks
As cyberattacks grow more sophisticated with AI-driven automation, the gap between defensive capabilities and offensive threats continues to widen for enterprises worldwide. In Singapore — where digital infrastructure underpins everything from financial services to government services — the stakes are...