Bank and Science Group Work Together on AI

Apr 23, 2026, 02:00

Introduction

Standard Chartered bank and A*STAR are partners. They will work together for three years. They will spend 15 million dollars. They want to use AI in banking.

Main Body

They started a new lab. Experts from the bank and scientists work there. They want to make better tools for customers. Now, bank workers look for information in many lists. This takes a long time. They will make a chatbot. The chatbot finds information quickly. The bank will also use AI to check risks for loans. This helps the bank know if a company can pay back money. Finally, they want to stop crime. The AI will look at old payments. It will find bad people who try to steal money.

Conclusion

The bank wants to be modern. They use AI to work faster. They want to make fewer mistakes with money.

Vocabulary Learning

check

To look at something carefully to find problems or information檢查

Example:The bank will use AI to check risks for loans.

partners

People or groups that work together合作夥伴

Example:The bank and the science group are partners.

spend

To use money to pay for something花費

Example:They will spend 15 million dollars.

steal

To take something that is not yours without permission偷竊

Example:The AI will find bad people who try to steal money.

tools

Things you use to do a job工具

Example:They want to make better tools for customers.