Tag "OCBC Bank"

OCBC Bank Enables the Use of SingPass as Alternative Login to Access Digital Banking Services
Open Banking

OCBC Bank Enables the Use of SingPass as Alternative Login to Access Digital Banking Services

OCBC Bank announced today that is has enabled 1.8 million of its digital customers in Singapore to use the SingPass as an alternative login to access the full suite of digital banking services. They claim to be the first bank

Read More
OCBC’s Virtual Wealth Advisory Service Sees 45% in Sales During Circuit Breaker
Covid19

OCBC’s Virtual Wealth Advisory Service Sees 45% in Sales During Circuit Breaker

On 18 April 2020, with the Circuit Breaker period still in effect, OCBC Bank took the highly-regulated wealth advisory process – a complex face-to-face process involving over 50 pages of documents and a comprehensive Financial Needs Analysis (FNA) – online.

Read More
OCBC Bank Enables Instant Car Loan Approvals
Various

OCBC Bank Enables Instant Car Loan Approvals

OCBC announced today that they have enabled instant car loan approvals, according to their statement, when customers apply for a car loan with OCBC, they can now get it approved within 60 seconds. This service is made possible by a

Read More
OCBC Enables Account Opening for Startups Immediately After Incorporation
Open Banking

OCBC Enables Account Opening for Startups Immediately After Incorporation

Start-ups are now able to open an OCBC business banking account in Singapore immediately after incorporation, rather than having to wait one day. This is made possible by an API between the bank and global information services provider Experian. Once

Read More
UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines
Blockchain/Bitcoin Philippines Remittance

UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a

Read More
Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least
Virtual Banking

Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least

Followers of this page are well aware that Grab, one of Singapore’s premier unicorns, has dabbled in many different areas of fintech-fuelled offerings in its drive to become what it self-describes as a “super app”. Most recently though, it seems

Read More
Serial Entrepreneurs Can Now Apply for Loans with OCBC Before Even Incorporating
Lending

Serial Entrepreneurs Can Now Apply for Loans with OCBC Before Even Incorporating

OCBC Bank has officially launched a new business dedicated to supporting serial entrepreneurs as they establish and grow new businesses. The bank claims that this is the first offering of its kind for small businesses in Singapore. According to OCBC

Read More
OCBC Bank to Offer Free Online Will Writing Service in Singapore
Personal Finance Mgt (PFM)

OCBC Bank to Offer Free Online Will Writing Service in Singapore

OCBC Bank has rolled out a free online service to help Singapore citizens and residents aged 21 and above prepare their own wills within 10 minutes. It is common here to seek the help of a lawyer, who typically charges

Read More
OCBC Bank Roll Outs Digital Account Opening Service For Multi National Companies
Online Wealth Mgt

OCBC Bank Roll Outs Digital Account Opening Service For Multi National Companies

OCBC Bank has rolled out a digital account opening service that simplifies account openings for multi-national companies (MNCs) and other large corporate customers – a first by a bank in Singapore. With the use of the digital service, the time

Read More
4 Banks in Asia Pacific That Are Winning Open Banking Adoption
Open Banking

4 Banks in Asia Pacific That Are Winning Open Banking Adoption

Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s

Read More