Tag: Singapore

Revolut positions Singapore as Southeast Asia base with nearly SGD 350 Million commitment

Revolut positions Singapore as Southeast Asia base with about US$270m commitment

1 month ago

Bernard Parado

Singapore – Revolut has committed about S$350 million (US$270 million) to Singapore over the next five years, as it prepares to open a new office at Collyer Quay Centre in early 2027. The fintech company announced the plan on 8 October 2026, saying the investment will span product innovation, business...

LG Electronics expands US and South Korea chiller production for AI data centres

1 month ago

Ansherina Baes

Singapore – LG Electronics is expanding its chiller manufacturing capacity for AI data centres (AIDCs), with a new production facility in the United States and expanded operations at two existing plants in South Korea. The company is investing a total of KRW 150 billion across the new US facility and...

AI agents expand identity security risks for Singapore organisations, survey finds

1 month ago

Ansherina Baes

Singapore – Singapore organisations are facing growing identity security challenges as AI-driven phishing becomes more sophisticated and AI agents take on greater responsibilities, according to new research from Yubico and Okta. More than eight in 10 (81%) Singapore respondents said their organisations...

Sumsub launches Reusable KYC gateway with MiniPay as first live integrator

1 month ago

Bernard Parado

Singapore – Sumsub has launched Reusable KYC Gateway, a product that lets users verify their identity once and reuse it across multiple regulated services, with stablecoin wallet MiniPay going live as the first integrator. The company, which describes itself as an AI-powered trust infrastructure provider...

Singapore consumers back AI assistance but demand greater oversight

1 month ago

Ansherina Baes

Singapore – Singapore consumers are increasingly open to giving artificial intelligence (AI) greater responsibility, but remain concerned about how autonomous systems handle personal data, identity and decisions made on their behalf. Research commissioned by Ping Identity and covering 11,000 consumers...

AI adoption surges across Asia as data and security risks grow: report

1 month ago

Ansherina Baes

Singapore – AI adoption across organisations in Asia has increased significantly over the past year, while the expansion of AI-enabled applications and agentic workflows is creating new data protection and security challenges, according to a new report from Netskope Threat Labs. The report, covering...

Singapore's digital economy hits 19.3% of GDP as SME AI adoption climbs to 23.4%: report

1 month ago

Bernard Parado

Singapore – Singapore’s digital economy grew to S$144.1 billion in 2025, accounting for 19.3% of gross domestic product (GDP), up from 18.8% in 2024, according to the Infocomm Media Development Authority (IMDA). The 2024 figure reflects a revision to S$136.5 billion following refinements to national...

AI adoption reaches 64% among small financial institutions, study finds

1 month ago

Ansherina Baes

Singapore – Small banks, credit unions and lenders are leading AI adoption among small and midsized businesses (SMBs), but infrastructure, governance and fragmented technology are limiting wider deployment, according to a study by SAS and IDC. The AI for the study surveyed 1,600 SMB leaders across...

FOMO Pay adds Sumsub verification and monitoring tools to its compliance infrastructure

1 month ago

Bernard Parado

Singapore – Singapore-headquartered payment institution FOMO Pay has partnered with Sumsub to add identity verification, business verification and transaction monitoring to its compliance infrastructure. The move comes as the company expands across markets. Sumsub, which describes itself as the first...

Broadcom, TOPPAN venture opens Singapore's first high-end FC-BGA substrate plant

1 month ago

Bernard Parado

Singapore – Advanced Substrate Technologies (AST), the joint venture between TOPPAN Holdings Inc. and Broadcom Inc., has opened Singapore’s first facility capable of producing high-end Flip Chip Ball Grid Array (FC-BGA) substrates. The plant targets a persistent bottleneck in AI and networking...

Video Title Here: The Indonesian on-ground activation status

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Video Title Here: The Indonesian on-ground activation status

Video Title Here: The Indonesian on-ground activation status

Video Title Here: The Indonesian on-ground activation status

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Video Title Here: The Indonesian on-ground activation status

Video Title Here: The Indonesian on-ground activation status

Video Title Here: The Indonesian on-ground activation status

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