Tag "OCBC Bank"

OCBC Bank Is The First Singapore Bank To Tap Artificial Intelligence And Machine Learning To Combat Financial Crime

On any one typical work day, an OCBC Bank anti-money laundering (AML) compliance analyst would log into the bank’s transaction monitoring system and find up to hundreds of potentially suspicious transactions he or she had to review. These transactions are

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OCBC Bank To Launch Face Id Facial Recognition with iPhone X

As the world received the launch of the coveted Apple iPhone X with much fanfare, OCBC Bank has rolled out an innovative enhancement to its consumer and business banking apps for Apple iPhone X users. By leveraging Apple’s Face ID

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OCBC Bank Singapore Goes Voice Recognition Technology For Business Banking Mobile Solutions

OCBC Bank continues to break new ground in its drive to make banking simple, fast and convenient for its business customers. In its latest industry-leading innovation in Asia, its SME customers will be able to initiate funds transfers to business

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Proof-of-Concept on ASEAN’s first industry Know Your Customer Blockchain Bank Project

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the first consortium in South East Asia to successfully complete a proof-of-concept for a Know Your Customer (KYC) blockchain. This development

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Fintegration by OCBC Bank: Artificial Intelligence Solutions with 2 Fintechs to Fight Money Laundering

OCBC Bank has piloted two Fintech solutions to enhance its competency in fighting money laundering and terrorism financing. The two Fintech companies involved – BlackSwan Technologies and Silent Eight – were part of the second Fintech Accelerator Programme run by

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OCBC Bank is First Bank in Southeast Asia to Pilot Robo-Advisory Service

OCBC Bank claims to be the first bank in Southeast Asia to pilot a robo-advisory service. Time starved investors will be able to invest in diversified portfolios of stocks and ETFs, using automated, algorithm based portfolio management advice. The platform

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MAS, R3 and Financial Institutions Experimenting with Blockchain Technology

The Monetary Authority of Singapore (MAS) announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail a payment

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First Bank in SouthEast Asia To Use Blockchain Technology For Payment Services

OCBC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as

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MAS Awards a Full CMS Licence to MoolahSense

MoolahSense is the first marketplace lending platform to be granted a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore. The CMS licence for “Dealing in Securities” was issued today. This marks a milestone in the development

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Singapore Fintech Awards 2016 Announces 40 Finalists

Singapore FinTech Awards 2016, comprising the MAS FinTech Award and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. The Awards recognise innovative FinTech solutions that

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