Southeast Asia is one of the world’s growing hotbeds for innovation, particularly in the artificial intelligence (AI) space. New and upcoming startups and fintechs like Indonesia’s Kata.ai and Singapore’s Taiger are developing cutting-edge AI technology in computer vision, machine learning, and natural language processing. In a recent development, Seoul-based energy and telecom conglomerate SK partnered with AirAsia’s BigPay, one of Malaysia’s leading fintechs to drive AI growth in Southeast Asia. Through the initial investment, BigPay will have access to SK’s AI and data analytics expertise as well as its robust track record in the fintech space. As such, virtual banks and fintechs like BigPay investing in AI will definitely pose a challenge for banks in the coming years.
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