United Overseas Bank - News, Articles & Research

Company announcement/people

UOB appoints new group CFO

UOB today announced that Mr Leong Yung Chee, the current Head of Group Corporate Banking, will be appointed as its new Group Chief Financial Officer (CFO), with effect from 22 April 2025. He will succeed Mr Lee Wai Fai, who will retire from his role as CFO after 20 years. Mr Leong will work alongside Mr Lee as CFO-designate with immediate effect, before he assumes official responsibilities as CFO on 22 April 2025.

13 December 2024

News/security

MAS collaborates with banks and tech firms on quantum security

The Monetary Authority of Singapore has gathered a consortium of banks and technology partners to study the application of Quantum Key Distribution (QKD) as a defensive mechanisim against the threat posed by super-fast computing power.

15 August 2024

News/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024

Company announcement/payments

Visa, UOB and Doxa team on payment processes in construction industry

Visa, a world leader in digital payments, today announced its partnership with United Overseas Bank Limited (UOB) and Singapore-based Fintech, Doxa to facilitate quicker and seamless payments for contractors, via deep-tier financing.

21 November 2023

News/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

16 November 2023

News/retail

UOB trials Microsoft 365 Copilot generative AI tool

Singapore-based bank UOB is set to trial Microsoft 365 Copilot, a generative AI-powered productivity tool, with several hundred employees.

04 October 2023

News/retail

UOB to invest S$500 million to build global technology and innovation centre

UOB is to invest S$500 million to build a new global technology and innovation centre in Singapore's Punggol Digital District (PDD)

26 April 2023

Company announcement/payments

UOB signs MoU with e-commerce platform Lazada

UOB and Lazada Group have entered a Memorandum of Understanding (MOU) to collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and Vietnam.

18 April 2023

News/retail

UOB rolls out auto saving feature in Indonesia

Singapore-based UOB has enlisted Personetics for a new AI-powered automated savings feature at its Indonesian outpost TMRW.

02 November 2022

Company announcement/retail

Singaporeans need further nudge to adopt mobile banking - survey

Despite close to nine in 10 Singaporeans (88 per cent) use mobile banking at least a few times a month, many Singaporeans are still using ATMs and visiting bank branches.

14 October 2022

Company announcement/sustainable

UOB pilots sustainable deposits solution with GIC

Today United Overseas Bank (UOB) launched a Green and Sustainable Deposits solution for its corporate and institutional clients, the first such product in Singapore offered by a local bank. The solution was piloted with GIC.

08 July 2022

News/markets

Banks and exchanges invest in digital securities market ADDX

The Stock Exchange of Thailand, Krungsri Bank and UOB have invested in blockchain-based digital securities exchange ADDX.

24 May 2022