Firms should emphasise extending control areas that already underpin trust in payments to cover AI systems
SINGAPORE’S banks and fintech companies are using artificial intelligence in live payment operations, putting the country ahead of most of its regional peers that are still running pilots, a 2026 survey by fintech company Finastra showed.
That lead signals what is coming for the rest of the region, as AI takes on a growing share of decision-making, processing and fraud detection across payment systems.
Where the real risk sits
Most fraud controls in payments today are built to answer this question: Is the person who they claim to be?