SINGAPORE – A financial industry consortium that developed three different blockchain models for inter-bank payments has publicly released these prototypes’ source codes.
It started out as a side project for a handful of enthusiasts who wanted to try building an app, but just five years on, the initiative has become a key growth driver for OCBC bank.
OCBC Bank is stepping up its collaboration with an Israeli fintech firm to employ artificial intelligence (AI) and machine learning to combat financial crime.
SINGAPORE – OCBC Bank is raising the bar on using artificial intelligence (AI) and machine learning to combat financial crime, as it works with an Israeli fintech to boost the bank’s operational efficiency and accuracy in the detection of suspicious transactions.
Technology will make banking more efficient, according to Dirk Klee, the head of operations at UBS Wealth Management. It will also affect the number of staff the bank will employ.
Published by Wealth Briefing Asia – 24th July 2017
UBS Wealth Management has confirmed to this publication the appointment of Cat Ruest as head of innovation technologies, Greater China.
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