Artificial Intelligence (AI)

Business News

PwC Report Highlights AI Spending Gap Among Financial Firms in Mainland China and Hong Kong

Financial institutions in mainland China and Hong Kong are falling behind their global peers in artificial intelligence (AI) investments, despite recognizing the technology as a key driver of strategic transformation, according to a new PwC report. The report, based on a survey of 201 financial services professionals and 20 in-depth interviews conducted between October 2025 […]
By Entrepreneur Staff
Business News

Finastra Strengthens AI Capabilities with New Center of Excellence and Leadership Appointment

Finastra, a global leader in financial services software, today announced the establishment of a centralized Artificial Intelligence (AI) Center of Excellence (COE) and the appointment of Chris McClellen as Senior Vice President, Group Head of AI, reporting to Chief Technology Officer Mike Stawchansky. This strategic move is designed to coordinate, scale, and accelerate Finastra’s AI […]
By Entrepreneur Staff
Business News

Singapore Bets Big on AI in 2026 Budget, Finance Named Key Sector for Transformation

Artificial intelligence (AI) took center stage in Singapore’s 2026 Budget, with the government announcing a comprehensive national strategy to harness AI as a competitive advantage and accelerate transformation across key sectors, including finance. Delivering the Budget statement, Prime Minister and Minister for Finance Lawrence Wong unveiled a new set of national “AI Missions” focused on […]
By Entrepreneur Staff
Business News

HKMA Launches Initiatives to Support AI and Distributed Ledger Technologies

The Hong Kong Monetary Authority (HKMA) has released a blueprint outlining new initiatives to support the adoption of artificial intelligence (AI) and distributed ledger technologies (DLT) in the financial sector, enabled by high-performance computing infrastructure. The blueprint forms part of HKMA’s Fintech 2030 strategy and focuses on advancing more complex technology use cases within financial […]
By Entrepreneur Staff