These specialists would be tasked to push the adoption of AI across the company's services, including loans financing and wealth advisory. Singapore - based Oversea - Chinese Banking Corporation ( OCBC ) is spending more than $ 7 m in the next three years to develop and integrate artificial intelligence ( AI ) into its products and services including loans financing and wealth management . The unit will be part of the bank ’s fintech and innovation group and will test new AI technologies before incorporating them into banking systems . OCBC has already introduced a facial - recognition system at one of its branches and launched voice - based commands for iPhone users in February . Pranav Gupta , head of the fintech group , said such technologies were “ integral to digital banking ” .
Singapore - based Oversea - Chinese Banking Corporation ( OCBC ) is spending more than $ 7 m in the next three years to develop and integrate artificial intelligence ( AI ) into its products and services including loans financing and wealth management . The unit will be part of the bank ’s fintech and innovation group and will test new AI technologies before incorporating them into banking systems . OCBC has already introduced a facial - recognition system at one of its branches and launched voice - based commands for iPhone users in February . Pranav Gupta , head of the fintech group , said such technologies were “ integral to digital banking ” .