OCBC
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Read more: OCBC Launches US$1b Blockchain Commercial Paper ProgrammeOCBC has launched a US$1 billion digital US commercial paper (USCP) programme using blockchain technology, enabling near-instant settlement of short-term US dollar funding. The Singapore bank said the move marks the first time a USCP issuer has used blockchain across the entire lifecycle of the securities, covering issuance, settlement, record-keeping…
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Read more: OCBC deepens push into quantum tech with NUS, NTU and SMU to tackle future of financeOCBC Bank is ramping up its quantum technology ambitions through new research collaborations with three of Singapore’s top universities, in a bid to develop real-world quantum applications for finance that could redefine how banks price products, detect fraud and protect data. Signed with the National University of Singapore (NUS), Nanyang…
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Read more: OCBC Pioneers Tokenised Bonds for Corporate Investors in SingaporeOCBC has broken new ground by becoming the first bank in Singapore to offer bespoke tokenised bonds to corporate accredited investors (corporate AIs). This landmark move allows corporations with net assets exceeding S$10 million to access flexible, investment-grade bonds structured to meet their unique needs. The innovative bonds are minted…
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Read more: OCBC Leads with New App Feature for Instant Transfers to China’s Largest Digital WalletsOCBC Bank has announced a breakthrough for its mobile banking app, now allowing users to send near-instant transfers to China’s two largest digital wallets, Weixin Pay (WeChat Pay) and Alipay, without transfer fees. This feature, enabled by Visa Direct, is the first of its kind in Asia Pacific and is…
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Read more: OCBC and LTA Streamline Construction Advances with Blockchain TechnologyOCBC has rolled out a blockchain-based conditional payments solution for the Land Transport Authority of Singapore (LTA), marking a significant step in digital transformation for large-scale infrastructure projects. The innovative integration aims to enhance transparency and streamline the disbursement of mobilization advance payments to contractors. By integrating blockchain technology with…
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Read more: OCBC Leads Singapore Banking with First Intraday Institutional Lending on Blockchain
OCBC has become the first bank in Singapore to enable intraday institutional lending, leveraging blockchain technology for near-instantaneous reverse repurchase (reverse repo) transactions. Conducted through J.P. Morgan’s Digital Financing platform, built on Onyx Digital Assets, this innovative solution allows OCBC to lend excess intraday cash to J.P. Morgan and accept…
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Read more: OCBC Securities Launches A.I. Oscar to Triple Active Investor BaseOCBC Securities has unveiled A.I. Oscar, the first artificial intelligence (AI)-powered stock-picker tool designed to triple its base of active Singapore investors. A.I. Oscar predicts stock price movements and generates hyper-personalized stock ideas. Initially focused on Singapore stocks, A.I. Oscar has expanded its coverage to the Hong Kong and United…
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Read more: Cloudera and OCBC Win Prestigious Financial Technology Innovation AwardSingapore and Hong Kong – Cloudera, a leader in trusted enterprise AI, in collaboration with OCBC, Southeast Asia’s second-largest financial services group, has secured the “Best Big Data and Analytics Infrastructure Implementation” accolade at the Financial Technology Innovation Awards 2024. Hosted by The Asian Banker organization, these awards highlight exemplary…
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Read more: SGBC and OCBC Launch Built Environment Decarbonisation Challenge
The Singapore Green Building Council (SGBC) and OCBC have announced the initiation of the SGBC-OCBC Built Environment Decarbonisation Challenge during the United Nations COP28 climate conference. This challenge is a crucial step in addressing emissions from buildings, constituting 20% of Singapore’s emissions, aligning with Singapore’s Green Plan 2030 for net-zero…
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Read more: OCBC Empowers Employees with AI Chatbot for Enhanced ProductivityTL;DR: OCBC, in collaboration with Microsoft’s Azure OpenAI, is set to deploy a generative AI chatbot, OCBC ChatGPT, to its global workforce of 30,000 in November 2023. The chatbot aims to assist employees in tasks related to writing, research, and ideation, ultimately enhancing productivity and customer service. Following a successful…
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