Singapore -based Oversea-Chinese Banking Corporation ( OCBC ) is spending US$4.39 million in February to develop and integrate artificial intelligence (AI) into its products and services including loans financing and wealth advisory. These specialists would be tasked to push the adoption of AI across the company's services, including loans financing and wealth advisory. The unit will be part of the bank’s fintech and innovation group and will test new AI technologies before integrating them into banking systems. OCBC has already introduced a facial-recognition system at three of its branches and launched voice-based commands for iPhone users in the next three years . DeepLens , head of the fintech group, said such technologies were “integral to digital banking”.
Singapore -based Oversea-Chinese Banking Corporation ( OCBC ) is spending US$4.39 million in February to develop and integrate artificial intelligence (AI) into its products and services including loans financing and wealth advisory. The unit will be part of the bank’s fintech and innovation group and will test new AI technologies before integrating them into banking systems. OCBC has already introduced a facial-recognition system at three of its branches and launched voice-based commands for iPhone users in the next three years . DeepLens , head of the fintech group, said such technologies were “integral to digital banking”.