By Yoolim Lee
It raised $5.5 million in September in a round backed by GGV Capital and Temasek’s Heliconia Capital Management.
The machine learning capabilities are intended to make the technology more accessible to developers who don’t have the time or resources to experiment with it on their own.
The move is aimed at further securing Malaysia against money-laundering and terrorism financing.
This fund follows the launch of $717.5 m Makara Innovation Fund for IP investments
The round will see Ubtech gain a post-money valuation of between $4 billion and $5 billion.
MAS will also link its interbank payments project — dubbed Project Ubin — with the Bank of Canada’s Project Jasper.
Uber plans to introduce paid, intra-city flying taxi services from 2023.
Singapore’s vision and strategy for developing fintech is evolving with rapid technological and industry changes, MAS chief Ravi Menon said.
The social media giant intends to leverage its mapping and artificial intelligence technology to compete in a sector that’s attracted investment from the likes of Alphabet Inc.’s Waymo as well as local rivals Baidu Inc.
Damodaran is sceptical of Bitcoin and Ethereum’s traction in Asia’s emerging markets.