It's automatic: Robots assist OCBC operations

23 Nov 2017 - Singapore Business Review
The two work in the secured lending and finance teams. OCBC Bank launched two robots in October into its retail banking secured lending (CSL) and finance teams. It said in an announcement that the robot attached to the CSL team assists with housing loan re-pricing. The processing time for housing loan ...
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Daily Briefing: OCBC, Sembcorp Marine buy back their shares; Singapore's rail woes unlikely to throw off expats

17 Nov 2017 - Singapore Business Review
And here's why Noble's falling stock is unlikely a bargain. From The Motley Fool: Oversea-Chinese Banking Corporation (OCBC), the second largest financial services group in Southeast Asia by assets recently repurchased 400,000 shares at a price range between $11.70 and $11.74 apiece. The total cost was ...
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DBS lags OCBC and UOB in profitability

17 Nov 2017 - Singapore Business Review
It cut its coverage ratio for nonperforming loans to 83%. Whilst OCBC and UOB posted stronger profitability in the first nine months of 2017, DBS's results showed otherwise, Moody's Investors Service revealed. Aside from accelerated recognition of nonperforming loans (NPL), DBS also suffered from large ...
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OCBC selling health insurance plan via its mobile, Internet banking channels

9 Nov 2017 - Business Times Breaking News
OCBC Bank on Thursday said it is offering a new way of buying health insurance through digital channels. It has rolled out a product called Early Cancer Care, the first health insurance product sold through OCBC's mobile and Internet banking channels.
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OCBC continues with AI adoption via partnership with ThetaRay - FinanceFeeds

7 Nov 2017 - FinanceFeeds

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OCBC's chatbot 'Emma' helps customers sign S$70m in home loans

7 Nov 2017 - Business Times Breaking News
OCBC Bank's chatbox application has now closed more than S$70 million in home loans since the start of the year, the bank told The Business Times on Tuesday. Named "Emma", the home and renovation loan chatbot is powered by artificial intelligence. It took three months for "Emma" to be fully trained to ...
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OCBC first Singapore bank to test AI to fight financial crime

7 Nov 2017 - Business Times Breaking News
OCBC Bank on Tuesday said it is the first Singapore bank to tap artificial intelligence (AI) and machine learning to combat financial crime. The bank's transaction monitoring team and its fintech unit, The Open Vault, conducted a proof-of-concept with fintech firm ThetaRay, that concluded earlier this ...
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OCBC taps AI to fight financial crime

7 Nov 2017 - Singapore Business Review
It will use a programme with an algorithm to identify and reduce alerts of suspicious financial activity. OCBC Bank will use artificial intelligence (AI) in its fintech operations to fight off financial crime. According to a press release, OCBC transaction monitoring team and its Fintech unit, The Open ...
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OCBC launches face recognition in banking apps

7 Nov 2017 - Singapore Business Review
Over 120,000 mobile banking app users are expected to use the new technology. OCBC Bank launched in-app technology OCBC OneLook, a facial ID technology, for its customers with consumer and mobile banking applications. According to a press release, the technology is the first service in Singapore that ...
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OCBC: Priced A$200 Million Senior Floating Rate Notes Due 2020.

30 Oct 2017 - ShareInvestor Express
Oversea-Chinese Banking Corporation Limited has priced A$200 million of senior floating rate notes due 2020 to be consolidated and form a single series with the A$300 million of senior floating rate notes due 2020 issued on 6 October 2017 under its US$10 billion Global Medium Term Note Program. The Notes ...
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