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Going elsewhere?

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Cybersecurity

OpenAI invests in cybersecurity to combat AI-driven threats

OpenAI has made its first cybersecurity investment in Adaptive Security, a startup that uses AI to train employees to detect and prevent cyber threats.

Roblox introduces new parental controls to enhance child safety

Roblox introduces new parental controls, allowing parents to block games, restrict friends, and monitor their childโ€™s activity for better safety.

Exabeam introduces Nova, an agentic AI that boosts cybersecurity operations

Exabeam unveils Nova, a proactive AI agent that boosts security team productivity and reduces incident investigation time by over 50%.

Tenable reveals privilege escalation flaw in Google Cloud Run

Tenable uncovers a privilege escalation flaw in Google Cloud Run, exposing risks linked to inherited permissions and service interdependencies.

ESET uncovers RansomHub links to rival gangs and highlights emerging EDR killer threats

ESET uncovers RansomHubโ€™s links to rival gangs and reveals its custom EDR killer, signalling new threats in the ransomware landscape.

Marketing

Spotify introduces AI-powered ads and programmatic ad buying

Spotify unveils AI-powered ads and the Spotify Ad Exchange, making it easier for advertisers to reach Gen Z listeners with real-time bidding.

Adobe: Redefining digital marketing in APAC through AI and privacy-first personalisation

Discover how Adobe helps APAC brands tackle data privacy, localise content, and embrace AI-driven marketing in a cookieless future.

Adobe introduces AI agents to Experience Cloud to improve customer experience delivery

Adobe unveils AI-powered features in Experience Cloud to help businesses deliver personalised customer journeys and better digital performance.

Adobe introduces new Firefly updates to streamline brand content production at scale

Adobe expands Firefly with video, 3D and GenStudio integration, helping brands scale on-brand content production with ease.

WeChat mini-game advertising sees 113% increase, creating new opportunities for developers

WeChat mini-game ads grew 113% in 2024, opening major growth chances for developers aiming to scale in Chinaโ€™s fast-moving mobile game market.

Southeast Asia

Synagie and HKT launch ShopHK to help Hong Kong brands expand into Southeast Asia

Synagie and HKT launch ShopHK, helping Hong Kong SMEs tap into Southeast Asia's booming US$600 billion e-commerce market.

MLBB and OPPO crown regional champions at APAC Smooth Legend Cup

IDONOTSLEEP and Maru Gamerpact Esports take top honours at the MLBB x OPPO Smooth Legend Cup APAC Grand Finals.

LinkedIn: How AI is reshaping hiring and workforce strategies in 2025

Discover how AI is transforming hiring and workforce strategies in 2025, from skills-based recruitment to internal mobility and continuous learning.

Kyberlife raises US$3 million to expand healthcare procurement in Southeast Asia

Singaporeโ€™s healthtech startup Kyberlife secures US$3 million to expand its digital procurement platform, streamlining healthcare supply chains in Southeast Asia.

ST Telemedia Global Data Centres gains NVIDIA AI certification to boost AI capabilities

ST Telemedia Global Data Centres has achieved certification under the NVIDIA DGX-Ready Data Center programme, boosting AI capabilities in Southeast Asia.

Geek

Lego and Pokรฉmon Company announce long-awaited collaboration

Lego has partnered with The Pokรฉmon Company, and official Pokรฉmon Lego sets will be available in stores in 2026.

Crunchyroll announces cinema release dates for Demon Slayer: Kimetsu no Yaiba Infinity Castle

Crunchyroll announces cinema release dates for Demon Slayer: Kimetsu no Yaiba Infinity Castle, starting 14 August 2025 in Singapore and Malaysia.

Aetherdrift brings high-speed action to Magic: The Gathering fans

MTG's Aetherdrift brings high-speed action, new mechanics, and exclusive collectibles in an epic multiverse race starting 7 February.

Crunchyroll and Sony partners unveil anime adaptation of Ghost of Tsushima: Legends

Crunchyroll, Aniplex, and Sony partners reveal Ghost of Tsushima: Legends anime adaptation, set for a 2027 release exclusively on Crunchyroll.

Evangelion store marks two decades with new merchandise and an anniversary fair

Celebrate 20 years of EVANGELION with exclusive merchandise and special gifts at the anniversary fair, only at the EVANGELION STORE.

Hot topics

Going elsewhere?

30.6 C
Singapore
28.8 C
Malaysia
37.7 C
Thailand
27.7 C
Philippines
24.6 C
Indonesia
20 C
Vietnam
38.2 C
Cambodia
35 C
Myanmar

Cybersecurity

OpenAI invests in cybersecurity to combat AI-driven threats

OpenAI has made its first cybersecurity investment in Adaptive Security, a startup that uses AI to train employees to detect and prevent cyber threats.

Roblox introduces new parental controls to enhance child safety

Roblox introduces new parental controls, allowing parents to block games, restrict friends, and monitor their childโ€™s activity for better safety.

Exabeam introduces Nova, an agentic AI that boosts cybersecurity operations

Exabeam unveils Nova, a proactive AI agent that boosts security team productivity and reduces incident investigation time by over 50%.

Tenable reveals privilege escalation flaw in Google Cloud Run

Tenable uncovers a privilege escalation flaw in Google Cloud Run, exposing risks linked to inherited permissions and service interdependencies.

ESET uncovers RansomHub links to rival gangs and highlights emerging EDR killer threats

ESET uncovers RansomHubโ€™s links to rival gangs and reveals its custom EDR killer, signalling new threats in the ransomware landscape.

Marketing

Spotify introduces AI-powered ads and programmatic ad buying

Spotify unveils AI-powered ads and the Spotify Ad Exchange, making it easier for advertisers to reach Gen Z listeners with real-time bidding.

Adobe: Redefining digital marketing in APAC through AI and privacy-first personalisation

Discover how Adobe helps APAC brands tackle data privacy, localise content, and embrace AI-driven marketing in a cookieless future.

Adobe introduces AI agents to Experience Cloud to improve customer experience delivery

Adobe unveils AI-powered features in Experience Cloud to help businesses deliver personalised customer journeys and better digital performance.

Adobe introduces new Firefly updates to streamline brand content production at scale

Adobe expands Firefly with video, 3D and GenStudio integration, helping brands scale on-brand content production with ease.

WeChat mini-game advertising sees 113% increase, creating new opportunities for developers

WeChat mini-game ads grew 113% in 2024, opening major growth chances for developers aiming to scale in Chinaโ€™s fast-moving mobile game market.

Southeast Asia

Synagie and HKT launch ShopHK to help Hong Kong brands expand into Southeast Asia

Synagie and HKT launch ShopHK, helping Hong Kong SMEs tap into Southeast Asia's booming US$600 billion e-commerce market.

MLBB and OPPO crown regional champions at APAC Smooth Legend Cup

IDONOTSLEEP and Maru Gamerpact Esports take top honours at the MLBB x OPPO Smooth Legend Cup APAC Grand Finals.

LinkedIn: How AI is reshaping hiring and workforce strategies in 2025

Discover how AI is transforming hiring and workforce strategies in 2025, from skills-based recruitment to internal mobility and continuous learning.

Kyberlife raises US$3 million to expand healthcare procurement in Southeast Asia

Singaporeโ€™s healthtech startup Kyberlife secures US$3 million to expand its digital procurement platform, streamlining healthcare supply chains in Southeast Asia.

ST Telemedia Global Data Centres gains NVIDIA AI certification to boost AI capabilities

ST Telemedia Global Data Centres has achieved certification under the NVIDIA DGX-Ready Data Center programme, boosting AI capabilities in Southeast Asia.

Geek

Lego and Pokรฉmon Company announce long-awaited collaboration

Lego has partnered with The Pokรฉmon Company, and official Pokรฉmon Lego sets will be available in stores in 2026.

Crunchyroll announces cinema release dates for Demon Slayer: Kimetsu no Yaiba Infinity Castle

Crunchyroll announces cinema release dates for Demon Slayer: Kimetsu no Yaiba Infinity Castle, starting 14 August 2025 in Singapore and Malaysia.

Aetherdrift brings high-speed action to Magic: The Gathering fans

MTG's Aetherdrift brings high-speed action, new mechanics, and exclusive collectibles in an epic multiverse race starting 7 February.

Crunchyroll and Sony partners unveil anime adaptation of Ghost of Tsushima: Legends

Crunchyroll, Aniplex, and Sony partners reveal Ghost of Tsushima: Legends anime adaptation, set for a 2027 release exclusively on Crunchyroll.

Evangelion store marks two decades with new merchandise and an anniversary fair

Celebrate 20 years of EVANGELION with exclusive merchandise and special gifts at the anniversary fair, only at the EVANGELION STORE.
Saturday, 5 April 2025
30.6 C
Singapore
37.7 C
Thailand
24.6 C
Indonesia
27.7 C
Philippines

AC Ventures and BCG explore AIโ€™s influence on Indonesiaโ€™s financial sector

Discover how AC Ventures, BCG, and Kadin's latest report explores the transformative impact and challenges of GenAI in Indonesia's financial sector, offering strategic insights for future integration.

In a joint venture, AC Ventures, Boston Consulting Group (BCG), and the Indonesian Chamber of Commerce and Industry (Kadin) have unveiled an insightful report entitled โ€œHarnessing the Power of (Gen) AI in Indonesian Financial Services.โ€ This report delves into the integration and effects of Generative AI (GenAI) across Indonesiaโ€™s financial landscape, providing a comprehensive analysis for industry leaders on how to weave GenAI into their operational and product frameworks effectively.

Insights from leaders and strategic recommendations

Drawing on a survey of 41 leaders from various financial institutions and interviews with five fintech startups, the study highlights that 51% of these organisations integrate GenAI for routine tasks, while 27% explore its capabilities for developing new products and services. Additionally, 49% of leaders point to GenAIโ€™s role in boosting customer service, with 34% recognising visible benefits from its deployment.

Furthermore, 44% of the respondents see considerable potential for GenAI to transform risk assessment in microlending through the use of more innovative data sources and improved analytical models. The report underscores that 61% of financial institutions in Indonesia are well-equipped with the necessary technological infrastructure to support GenAI integration.

Framework for deployment and international perspective

The report introduces a strategic โ€œDeploy, Reshape, Inventโ€ framework aimed at guiding financial institutions on how to harness GenAIโ€™s advantages best. This is in stark contrast to global trends, where a separate BCG study indicates that while 85% of global financial institutions recognise GenAIโ€™s disruptive potential, only 18% have devised a concrete strategy for its deployment. This disparity underscores a pivotal opportunity for Indonesiaโ€™s financial sector to take the lead in the GenAI space.

Implementation challenges and forward-looking strategies

Despite the promising adoption rates, many institutions face challenges in scaling pilot projects to broader applications. Approximately 41% of institutions are currently experimenting with GenAI in pilot phases. Yet, only 37% believe they have the necessary skilled personnel, and just 29% are confident in their operational models for GenAI readiness.

Andy Lees, Managing Director and Partner at BCG X, commented, โ€œThe potential of (Gen)AI in Indonesiaโ€™s financial sector is clearโ€”it can broaden financial access, improve the customer experience, and facilitate the rapid scaling of services, among other possibilities. Our findings show that the technology has been rapidly adopted by both large financial institutions and fintech firms. However, many initiatives are tech-led pilots that are yet to translate into real business value at scale.โ€

The role of public-private partnerships and the path forward

Pandu Sjahrir, Founding Partner at AC Ventures and Department Head of Economic and Financial Technology at Kadin Indonesia, highlighted the potential changes for the upcoming administration, emphasising the enhancement of regulatory frameworks and investment in local infrastructure for GenAI development. He noted, โ€œWith the incoming administration looking to build sovereign AI, thereโ€™s a push to enhance regulatory frameworks and accelerate investment in local infrastructure for GenAI development. This is prompting vital discussions on upgrading Indonesiaโ€™s energy infrastructure with renewables and sustainable financing. AI and GenAI have the potential to elevate Indonesiaโ€™s economy by transforming not just the private sector, but also state-owned enterprises and government agencies. Effective deployment requires sustainable data centers powered by renewable energy, strict privacy laws, and strong public-private partnerships.โ€

This report provides a snapshot of the current GenAI integration landscape within Indonesiaโ€™s financial services and offers a robust strategic guide for both the private and public sectors, positioning Indonesia as a leader in technological innovation in the financial realm.

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NUS partners with Microsoft Research Asia to advance AI research and nurture future tech talent

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Microsoft removes Windows 11 loophole for skipping account setup

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Elon Muskโ€™s xAI acquires X for US$33 billion in an all-stock deal

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MediaTekโ€™s Kompanio Ultra chip challenges Copilot+ PCs with AI power

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Pixel 10 to feature more cameras, but with downgraded specs

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Samsung unveils Galaxy Tab S10 FE+ and S10 FE with AI features

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OpenAI invests in cybersecurity to combat AI-driven threats

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