Singapore Banks See AI Pay Off as Asia's AI Infrastructure War Heats Up

DBS CEO Tan Su Shan revealed that artificial intelligence is now directly contributing to the bank's fee income growth, marking a turning point from years of heavy investment with little visible return. Speaking to CNA after DBS posted a record second-quarter net profit, Ms Tan said AI tools are helping relationship managers generate client ideas and boosting transaction activity across wealth management and corporate banking. The announcement is the clearest signal yet from a...