OCBC launches facial recognition at ATMs, region’s first
The biometric tool will be first used for account balance enquiries – piloted by eight ATMs.
OCBC
Video: fintech news weekly round-up – 23 April 2019
Facebook, Stripe, and Europe’s biggest IPO.
Singapore goes AI: training, incentives and regulation
Banks in Singapore take the lead on artificial intelligence (AI) training.
OCBC goes all Touché feely for biometric-based payments
All at the touch of two fingers.
Moxtra teams with OCBC Bank to pilot new mobile app
To deploy and test the new “Secure Chat Banking” mobile app.
OCBC Bank to be “AI-first” with new AI unit
OCBC Bank will invest up to $10 million in its new AI lab, AI Lab@TOV, over three years.
OCBC Bank takes AI-m at financial crime
When crime comes calling OCBC Bank won’t be bawling as it has turned to artificial intelligence (AI) and machine learning (ML) for the big fight. The Singapore-based bank says: “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 […]
OCBC Bank first in Singapore to launch face ID recognition for mobile app
OCBC Bank’s retail and business banking customers can now log into the bank’s app via a selfie, if they use Apple iPhone X. The bank says it’s the first in Singapore to offer such biometric tech.
OCBC Bank fights money laundering with AI double act
Singapore’s OCBC Bank has piloted two fintech solutions from a pair of start-ups as it looks to combat money laundering and terrorism financing via artificial intelligence (AI). The two firms involved – BlackSwan Technologies and Silent Eight – were part of OCBC’s second fintech accelerator programme, Open Vault, which was launched last year. Both companies […]
Sofgen assists Bank of Singapore with integration of Barclays’ wealth business
Bank of Singapore has completed the acquisition of the wealth and investment management business of Barclays in Hong Kong and Singapore. The combined entity has more than $75 billion of assets under management (AUM) and nearly 400 specialist bankers.
Singapore start-ups soar with OCBC support
OCBC Bank’s fintech accelerator programme, the Open Vault, will pilot tests with three start-ups – Fincast, BondIT and CogniCor. The tests involve wealth management and artificial intelligence (AI) solutions and will begin in the fourth quarter of this year, and will last for three months. Samuel Tsien, OCBC Bank’s group CEO, says: “Deploying these solutions […]
High five for Apple Pay in Singapore
Apple Pay support is expanding beyond American Express to Visa and MasterCard credit and debit cards from five of Singapore’s major banks. The big banks include POSB, DBS, OCBC, Standard Chartered and UOB. This latest deal is a significant development for Apple as it now has more than 80% of the Visa and MasterCard credit […]
