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41 Results from "United Overseas Bank"

/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.

/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.

/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.

/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.

/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)

/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.

/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.

/sustainable

Banks back new Singapore sustainability platform for SMEs

A new joint venture formed by three Singapore technology companies has signed up a host of industry players to the development of a platform providing SMEs with carbon tracking tools and green financial services.

/retail

UOB to invest $500 million in digital banking initiatives

Singapore's UOB is to invest up to $500 million in digital innovation initiatives as it seeks to double the retail customers it serves digitally to more than seven million customers across Asean by 2026.

/markets

UOB to pilot digital bond offering on Marketnode

UOB has become the first bank in Singapore to run its latest bond offering using a distributed ledger platform developed by Singapore Exchange and Temasek.

/identity

UOB to pilot use of digital IDs for product applications

UOB has become the first bank in Singapore to pilot the use of Sign with Singpass, the country's national digital identity framework, to confirm transactions or product applications using a customer’s digital signature.

/regulation

UOB boosts AML efforts with AI

UOB is hailing the accuracy of its new AI anti-money laundering technology in helping the Singaporean bank cut through large volumes of transactions to pinpoint suspicious activities.