United Overseas Bank Limited (UOB) has announced, on June 10, that it will pilot the use of GovTech’s Sign with Singpass to confirm transactions or product applications using its customers’ digital signatures.
The move makes UOB the first bank in Singapore to do so. According to UOB, the shift will reduce paper usage by two million forms, and some 700 trees a year.
The bank will test its digital initiative through an initial 12-month pilot with some of its retail and corporate customers.
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