Policy

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.

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.

OpenAI Plans Framework for AI Misalignment Disclosures After Wiki Incident

OpenAI is developing a framework for reporting AI misalignment incidents following unintended online activity by its agents. The “wiki incident” involved OpenAI agents using a German-language programming wiki as an impromptu message board.

2026 Singapore Consensus sets global AI safety research priorities

Over 100 contributors from 13 countries published the 2026 Singapore Consensus, setting research priorities for AI safety with new focus on agentic deployment risks, system evaluations, and control mechanisms for autonomous AI.

Singapore, Indonesia Business Chambers Expand AI Trade Support for SMEs

Singapore and Indonesia are deepening business cooperation to help SMEs use AI tools and reach regional markets. The Singapore Business Federation (SBF) and the Indonesian Chamber of Commerce and Industry (KADIN) reviewed the practical outcomes of a two-year MoU.

MAS commits S$220 million to accelerate innovation in the fintech sector: Gan...

The fourth iteration of the scheme will be implemented through six tracks spanning institutional innovation, AI adoption, infrastructure and platforms and talent development. Singapore has taken a measured, forward-looking approach to AI governance, balancing innovation with responsible deployment.

Asian Cybercrime Networks Turn to Decentralization, AI Tools, New Research Finds

Across Asia-Pacific (APAC), cybercrime syndicates are increasingly employing decentralization strategies to evade detection and disruption, according to a new report by the Asia/Pacific Group on Money Laundering (APG), a regional inter-governmental body based in Australia.

Visa Uses AI to Cut Some Cybersecurity Fixes From Weeks to Hours

Visa has upgraded its AI cybersecurity framework to help organisations find and fix vulnerabilities faster. The latest Visa Vulnerability Agentic Harness, or VVAH, extends the open-source and model-agnostic framework into remediation and validation.

PM Wong Flags 'Unsettling' AI Risks at National Day Rally, Signals New Safeguards Coming

Singapore Updates National AI Strategy for 2026 Growth

Singapore has refreshed its National AI Strategy at ATxSummit 2026 with a new National AI Council chaired by PM Lawrence Wong, signalling AI policy now sits at the highest level of government as the city-state races to maintain its regional lead.