Search results for MAS
Crypto
Bybit added to Singapore MAS investor alert list
Cryptocurrency exchange Bybit and its operating entity, Bybit Fintech Limited, have been added to the Monetary Authority of Singapore\'s investor alert list. MAS did not disclose specific reasons for the inclusion, Cointelegraph reported. Based on publicly available information, Bybit is not a MAS-licensed or regulated entity. Bybit’s website classifies Singapore as a restricted jurisdiction, and local users cannot access its services.
AI & Enterprise
Ditonic to work with LIG D&A on software-defined defense technology
AI platform company Ditonic said on June 1 it will work with defense company LIG D&A to build an AI-based software-defined defense operating environment. The companies will apply Ditonic’s AI OS technology to LIG D&A’s defense-domain expertise, focusing on combat management systems and broader C5I systems. Ditonic said its D.Hub platform will serve as LIG D&A’s L-NODE engine, supporting cloud-native operational continuity in an air-gapped environment.
Finance
Singapore monetary authority uses AI to fight financial fraud, validated with real transaction data
The Monetary Authority of Singapore is validating artificial intelligence models for detecting financial fraud using real bank account information and transaction data. It is running a joint project with Singapore’s Government Technology Agency and the police to improve fraud detection. MAS is pooling historical transaction data from five banks and training and evaluating models using participating banks’ actual account numbers. It also set up security measures, including hashed account numbers and controlled data-sharing environments.
