Tag "OCBC"

5 Ways Banks in Singapore are Using Big Data

  Pop quiz: What is big data? Actually, don’t answer that. Everyone can easily recite the same quote: “It’s the process of analysing huge amounts of data to draw actionable insights that are beneficial to your business.” In practice, this

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OCBC Introduces a More Seamless Checkout for Instant Mobile Payments

Rapyd a payments focused fintech, announced a partnership with OCBC Bank to enable real-time bank payments for Singapore consumers and online retailers. The partnership leverages PayNow, Singapore’s national peer-to-peer funds transfer service, enabling OCBC Bank customers to make digital payments using the

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How DBS and OCBC Global Leadership Shows Singapore’s Success in Open Banking

Singapore’s DBS Bank and OCBC are regional leaders in fintech and pioneers in open banking according reports from Accenture and Innopay Open Banking Monitor. The positioning of these banks gives us a good sense of where Singapore stands in the global

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Fintech and Digital Finance Innovation Initiatives of Banks in Singapore

Fintech has become one of the key drivers of innovation in the financial services industry. In Singapore, the Monetary Authority of Singapore (MAS) was quick to realize the potential of fintech, acting swiftly to build up a vibrant ecosystem in

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Local Fintech Firm Partners with Dubai Royal Family To Expand in The Middle East

Singapore based fintech firm Touché has signed an agreement with SEED Group as their local partner. In this agreement SEED will assist Touché in expanding their fingerprint-based payment and loyalty management solution to the Middle East. Based in Dubai, SEED

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OCBC To Enable Instant SMEs Account Opening in November

Following their move in rolling out real time account opening for all Singaporeans and permanent residents, OCBC is now extending the same service SMEs. This real-time account opening service is enabled by the Singaporean government’s national data repository, MyInfo and

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OCBC Bank Brings Audit To The Digital Age By Harnessing Artificial Intelligence

OCBC Bank has piloted two Fintech solutions that leverage artificial intelligence (AI) to bolster its internal controls to safeguard the interests of customers and shareholders. The AI solutions augment the bank’s competency in the detection of trading anomalies during the

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Singapore’s Path to Digital Economy Still Facing Some Roadblocks

Use of mobile banking has overtaken physical branch interactions by 15% during the past 12 months, according to the J.D. Power 2018 Singapore Retail Banking Satisfaction Study. It is clear that Singapore’s Smart Nation journey to digitally transform its banking

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OCBC Bank Launches One-Stop Advisory Service For Property Purchase

If you have purchased or know someone who has purchased a residential property in Singapore, you would be familiar with this common refrain: Why do I have to go to so many sources to get everything? A one-stop service that

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