Staff Reporter

Artificial intelligence (AI) is set to reshape fraud detection and financial crime prevention across the global financial system, according to Swift Chief Executive Officer Javier Pérez-Tasso.

Tokenised deposits invert the model, allowing banks to deliver liquidity directly where required.

Falcon TST now handles about 60% of the company’s global transactions.

Central to this effort is Mastercard’s Agent Pay framework.

Human oversight remains crucial to manage AI safely.

Firms spent $2.3b in life and health policies for workforce.

It aims to earn a net proceed of $83.4m from divestment. 

Lence Pte Ltd. intends to get an additional 13% on top of its 20% equity capital.

The firm’s Washingtonian and Utah portfolios saw 85% and above 90% occupancy, respectively.

The Quantizant PQC-readiness platform enables organisations to assess cryptographic exposure.

It aims to enhance cross-border opportunities for financial institutions and AI firms.

The plan spans basic AI literacy to advanced development as technology reshapes jobs.

The higher Thailand tax costs offset F&B earnings growth.

Revenue declined 2.4% YoY to $386.45m, mainly due to lower bus service fees.

The disposal is expected to yield an estimated one-off gain of $49.14m.

DPM Gan also said Singapore is focusing especially on financial services to stay globally relevant.