UOB doubles down on AI with investment in Israeli fintech

Singapore

UOB is ramping up its artificial intelligence (AI) investments, as it took a minority stake in Israeli fintech firm Personetics on Thursday to boost its use of machine learning and data analytics across its markets in South-east Asia.

The investment amount was not disclosed, though it is understood that UOB has joined other global banks and investors such as Spanish lender Banco Santander in investing in the fintech company.