As part of UOB’s continuous drive to enhance the banking experience of customers, we collaborate with innovative FinTech companies through proofs-of-concept, pilots and commercialisation of market-leading solutions.
Launched by UOB Asset Management (UOBAM), UOBAM Invest is the first robo-advisory service in Singapore that enables businesses to receive customised investment portfolios based on their specific investment requirements. By combining UOBAM’s investment expertise with FNZ’s technology, investing is now simpler, smarter and safer for businesses.
FNZ, a global FinTech firm specialising in providing multi-channel wealth management services to the financial services and wealth management sectors, was selected as UOB Asset Management’s (UOBAM) technology partner for the build and delivery of UOBAM Invest.Learn more
UOB and Pintec Technology Holdings have launched a joint venture, Avatec.ai (S) Pte Ltd (Avatec). Avatec aims to help banks and finance companies to be more efficient and more accurate when assessing credit quality of potential customers, including those who are new to credit.
Avatec’s credit assessment tool harnesses the power of artificial intelligence, machine learning and anti-fraud algorithms to determine an applicant’s credit quality within seconds.Learn more
UOB has invested in and partnered Israel-based FinTech firm, Personetics, which enhances its artificial intelligence (AI)-based solutions for its customers across Southeast Asia.
Through Personetics’ cognitive analytic capabilities, UOB draws deeper insights from its huge volumes of transaction data which helps identify transaction patterns that can make the customer experience more engaging. These insights also enable UOB to provide customers with real-time, personalised and insightful guidance which helps them improve the way they save and spend and helps them make better financial decisions.Learn more
UOB has employed Meniga, a global leader in digital banking solutions, which simplifies complex and multiple transaction datasets into simple and relevant data for its Digital Bank customers.
Meniga’s solutions enable UOB’s Digital Bank analyse transaction data in real time and offers actionable information or insights which prompts customers to save and to spend cleverly.Learn more
UOB teamed up with RegTech firm, Tookitaki, to combat money laundering. The collaboration resulted in an holistic machine learning solution that enables UOB to draw out information more precisely and quickly to prevent and to detect suspicious money laundering activities.Learn more
UOB is the first financial institution issuer in Singapore to tap Marketnode’s digital asset issuance, depository and servicing platform. The Bank is piloting the digital issuance of its latest bond offering in its focus on supporting open digital solutions and ecosystems that help develop Singapore’s capital markets infrastructure and the financial sector.
Marketnode, an SGX Group and Temasek joint venture, is transforming capital markets through building end-to-end digital markets infrastructure. The Marketnode platform is powered by Gateway, a one-stop pre-trade digital issuance engine that seamlessly connects into Core, a blockchain-enabled post-trade issuance, settlement and tokenisation platform for financial assets. In 3Q22, Marketnode also announced Fundnode, an industry-wide investment funds utility built using distributed ledger technology.
UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). This initiative comes amid a rise in the use of digital securities to enhance the efficiency of bonds and other fixed income instruments.
ADDX is a private market exchange on a mission to make investing fairer. Using blockchain and smart contract technology, ADDX eliminates manual interventions in the lifecycle of securities across multiple asset classes. This allows it to reduce investment minimums from $1m to as low as $5,000, so that more individuals can take on previously inaccessible assets and achieve a level of diversification that, until now, was feasible only among institutions.
ADDX serves individual accredited investors in several countries, spanning Asia Pacific, Europe, and the Americas (excluding the US). It also serves corporate and institutional investors with wealth management services that enable them to unlock new private market investment opportunities for their end-clients, while reducing administrative time.
Deals launched on ADDX so far feature world-class, blue-chip names such as: Hamilton Lane, Partners Group, Investcorp, Singtel, Mapletree, CGS-CIMB, Astrea, SeaTown and Fullerton Fund Management. Its shareholders include UOB, SGX, Heliconia, Hamilton Lane and the Stock Exchange of Thailand.
With integrated financial solutions that tap into our established regional network, deep in-market insights and our local and regional expertise, we specialise in supporting the business growth of large corporates that operate in Asia through partnerships, collaborations and alliances.
UOB and Grab have a strategic alliance to accelerate the use of digital services among ASEAN’s growing base of digital consumers. The alliance enables us to deliver financial services to Grab’s ASEAN-wide user base and to accelerate the Bank’s efforts to meet the needs of the region’s fast-growing ‘mobile-first’ and ‘mobile-only’ consumers. The partnership will likewise fuel Grab’s ambition to build ASEAN’s first everyday “super app” with UOB’s support in a number of areas, from fleet financing, cash management services, to workplace banking services.Learn more