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Crypto Flows to Suspected Human Trafficking Surge 85% in 2025, Chainalysis Finds
Cryptocurrency flows to suspected human trafficking services reached hundreds of millions of dollars in 2025, an 85% year-on-year surge driven by Southeast Asia's expanding scam compound ecosystem, according to Chainalysis' 2026 Crypto Crime Report.
Mastercard Launches AI Agent Commerce Platform for Businesses
Mastercard has launched Mastercard AI Agent Commerce, enabling businesses to deploy AI agents for automated payments, procurement, and financial operations on its global payment network.
IMDA and Microsoft Join Forces on AI Safety Research
Singapore's IMDA has signed an MOU with Microsoft to collaborate on AI safety research, information sharing, and policy development. The partnership covers technical research into agentic AI, knowledge exchange on governance frameworks, and shaping a policy framework for frontier AI model access.
Shopee Lays Off Hundreds as Parent Sea Pivots Resources to AI
Shopee has begun cutting hundreds of developer roles globally, roughly 8% of its engineering team, as parent company Sea reallocates resources toward AI initiatives. Affected employees in Singapore will receive retrenchment support following the Tripartite Advisory guidelines.
DBS CTO: 'Intelligent Banking' Is the Next Frontier for Financial Services
DBS Bank's CTO Ramesh Mallya says the next phase of banking transformation goes beyond digitisation — it's about embedding real-time, context-aware AI into every financial interaction. The bank is shifting from batch processing to event-driven systems powered by AI and ML.