Singapore’s OCBC investing US$192 million in Hong Kong, Macau to support business growth, CEO Helen Wong says
Singaporean banking extensive OCBC Community plans to make investments HK$1.5 billion (US$192 million) in Hong Kong and Macau to upgrade its digital platform and offices to focal point on growing banking and wealth management alternatives, its CEO mentioned on Wednesday (Could well additionally 29).
Technology upgrades to OCBC’s core banking machine in Hong Kong and Macau will gape an outlay of HK$1 billion as a lot as 2026. This could well lead to elevated expend of man made intelligence (AI) and machine studying and lead to extra merchandise and products and services online.
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Another HK$500 million shall be extinct to upgrade the bank’s offices and to toughen the branch network in the 2 cities.
Source: Reuters
