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Bank of Singapore; agentic AI tool; Source of Wealth Assistant; KYC; AML; OCBC; private banking; Singapore

Bank of Singapore’s Agentic AI Cuts Source-of-Wealth Report Time to 1 Hour

Oct 11, 2025

Business, Tech News

Bank of Singapore; agentic AI tool; Source of Wealth Assistant; KYC; AML; OCBC; private banking; Singapore

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Bank of Singapore has deployed an agentic AI tool to automate the drafting of source-of-wealth (SoW) reports, a core Know-Your-Customer (KYC) step for verifying clients’ wealth and transactions. The bank says the agentic AI tool, called Source of Wealth Assistant (SOWA), reduces turnaround from about 10 days to one hour…
Read more: Bank of Singapore’s Agentic AI Cuts Source-of-Wealth Report Time to 1 Hour

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