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Website title: The Latest News & Headlines | Asian Banking & Finance

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Banks should prioritise practical applications of artificial intelligence (AI) over advanced models to improve productivity, according to Alvaro Garrido, group CIO at Standard Chartered.

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Yes Bank is expected to remain adequately capitalized after the Supreme Court of India ruled that the bank’s write-off of its additional Tier 1 (AT1) bonds was illegal, said S&P Global Ratings.

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Bank of the Philippine Islands (BPI) has the most mentions across consumer, business, and trust queries made in generative artificial intelligence (gen AI) models.

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KPay’s subsidiary KPay Merchant Service (Singapore) Pte Ltd. has secured a major payment institution (MPI) licence by the Monetary Authority of Singapore (MAS).

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Ping An Digital Bank (PingAnDB) completed its “Anti-Fraud Strategy Platform” use case as part of the second cohort of Hong Kong’s Gen AI Sandbox.

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