14 Mar '18, 6am

Singapore bank sets up unit to drive in-house AI development

OCBC Bank has set up a new unit dedicated to developing and integrating artificial intelligence (AI) capabilities into its products and services. The Singapore bank said it was investing an initial amount of S$10 million (US$7.6 million) over three years to support a pioneer team of three data scientists, which headcount was targeted to double within a year. These specialists would be tasked to push the adoption of AI across the company's services, including loans financing and wealth advisory. Cashless cannot be the face for Singapore smart nation success Increased emphasis on building a cashless society to reflect country's success as a smart nation is misplaced, when the importance of getting the fundamentals right is overlooked. Read More "The goal is to deliver greater value to customers by giving them access to banking services through natural user interfaces that ar...

Full article: http://www.zdnet.com/article/singapore-bank-sets-up-unit-...

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OCBC sets up in-house AI unit with initial inje...

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SINGAPORE - OCBC Bank has set up an in-house unit to develop artificial intelligence (AI) capabilities, with an initial in...

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