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HSBC Unveils Ambitious AI Expansion in Singapore

Guavy AI Editorial Team
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HSBC is expanding its presence in Singapore by establishing a Global AI Centre of Excellence. The new center will focus on developing AI-powered solutions for customer wealth enhancement, agent treasury services, and digital payments.

The banking giant plans to recruit more than 100 AI specialists by the second half of 2026. David Rice, HSBC's Chief AI Officer, will oversee the center's initiatives.

The new center will also collaborate with Singaporean educational institutions and government bodies to build a local talent pipeline.

HSBC has already been exploring tokenized deposits and blockchain-based trade finance. The bank launched its Tokenised Deposit Service in 2025, enhancing cross-border payment efficiency.

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