OCBC Bank to pilot wealth management and AI solutions by startups

The bank will be testing solutions from Fincast, BondIT and CogniCor for three months.

By Nurdianah Md Nur
Aug. 15, 2016

The accelerator programme culminated in a Demo Day, which saw the startups making a business pitch to an invited group of private equity firms and private banking clients to secure follow-on partnerships and funding. 

Samuel Tsien, OCBC Bank's Group Chief Executive Officer, said: "I am very pleased that the OCBC accelerator programme has proven itself. We now look forward to piloting three FinTech solutions that will begin benefiting our customers as early as the end of the year. To me, the much talked-about disruptive power of FinTech lies in how it can deliver "exponentially" enhanced experience value that is much beyond the expectation of our customers, and not just incremental improvements."

"Our three solutions will make banking easier and simpler in ways we have never offered before - either in improving customers' experience or providing much enhanced inputs to guide our customers' investment decisions. Deploying these solutions will involve changing the way we do things.  They may even require us to adjust our business model, and we are entirely happy to embrace "disruption" of this kind too, if it means delivering greater value and ultimately further securing the trust from our customers," he added.


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