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Singapore's OCBC Bank works with fintech startups to enhance its anti-money laundering capabilities

Nurdianah Md Nur | July 20, 2017
The startups leverage artificial intelligence to shorten the time taken and reduce the complexities in the bank's suspicious transaction monitoring process.

"The Open Vault at OCBC continues to focus on bringing the bank and the external Fintech ecosystem together. We deliberately kept the focus [of this year's accelerator programme] narrow, addressing specific customer needs and business areas. Testing the various technologies using real customer data enables us to deliberate more effectively on how to bring these solutions to market to benefit our customers and strengthen our internal capabilities," said Pranav Seth, OCBC Bank's head of E-Business, Business Transformation and Fintech and Innovation Group.

 

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