The Business Times
business-time-50

UOB doubles down on AI with investment in Israeli fintech

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jul 19, 2018 · 09:50 PM

    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.

    UOBData analytics

    TRENDING NOW

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Vietnam has the highest rate of generative AI usage among the South-east Asian markets surveyed, with 36% of workers saying they used such tools “nearly every day”.

    Vietnam workers keenest on AI in South-east Asia; Singapore employees among most sceptical: survey

    Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services and brand.

    Grab completes US$425 million acquisition of US-based Stash Financial

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More