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OCBC, Ant International team up on tokenized deposits

OCBC Bank and Ant International signed a Memorandum of Understanding (MoU) on November 5, 2024, to enhance cross-border fund settlements.

Melvyn Low of OCBC and Douglas Feagin of Ant International signed an agreement to develop tokenized deposits using the Whale platform.

The partnership aims to enable real-time, continuous cross-border payments between Singapore and Malaysia.

By utilizing blockchain and advanced encryption, the initiative seeks to improve transparency and efficiency in global liquidity management.

Recent OCBC developments

Timeline
28-Nov-2023 🚀 How OCBC developed its own AI-powered Wingman
  • OCBC developing AI tools like coding assistant Wingman
  • Wingman boosts developer productivity by 15-20%
20-May-2016 🗣️ OCBC claims to be first Singaporean bank to use voice recognition for transactions
  • OCBC Bank launches voice biometrics for services
  • First in Singapore to use speech recognition at contact center
17-May-2016 🚀 OCBC introduces open APIs, claims to be first in region to do so
  • OCBC Bank launches APIs for developers.
  • First bank in SEA to create an open platform.
29-Mar-2016 ⌚ OCBC brings mobile banking to the Apple Watch in Singapore
  • OCBC bank launches Apple Watch banking app.
  • Access account info without logging in for security.
03-Feb-2012 🏦 OCBC bank most popular among S’pore start-ups, but it’s probably not the best
  • OCBC leads with 45% of start-up accounts.
  • StanChart praised for loans; OCBC criticized online.

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