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OCBC's growing love for fintech and AI keeps it at 'buy'

Samantha Chiew
Samantha Chiew3/23/2018 09:41 AM GMT+08  • 3 min read
OCBC's growing love for fintech and AI keeps it at 'buy'
SINGAPORE (Mar 23): UOB Kay Hian is maintaining its “buy” call on Oversea-Chinese Banking Corporation (OCBC) with a target price of $14.95.
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SINGAPORE (Mar 23): UOB Kay Hian is maintaining its “buy” call on Oversea-Chinese Banking Corporation (OCBC) with a target price of $14.95.

In a Thursday report, analyst Jonathan Koh says, “We are encouraged to see OCBC embarking on many IT initiatives to improve operating efficiency.”

OCBC has established an in-house unit with an initial investment of $10 million to develop artificial intelligence (AI) capabilities across commercial banking services, such as wealth advisory and loan financing.

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