Demiral has been named as global head for data analytics and AI for the bank’s retail and wealth banking divisions.
,He will be based in Singapore for the newly-created role, reporting to Samir Subberwal, global head of wealth solutions, deposits and mortgages and chief client officer.
,He was most recently group head of data analytics and customer relationship management for wealth and personal banking at HSBC.
,
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.