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OCBC sets up in-house AI unit with initial investment of S$10m over 3 years

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The AI Lab@TOV sits within The Open Vault at OCBC, which is led by Pranav Seth (front), head of e-business, business transformation and fintech and innovation group. Ken Wong, head of AI Lab@TOV (centre), Wu Qiong (left) and Vikash Ranjan (right) comprise the pioneering AI Lab@TOV team.

Singapore

AN in-house unit to develop artificial intelligence (AI) capabilities has been established by OCBC Bank with an initial investment of S$10 million over three years, the lender said on Wednesday.

AI Lab@TOV, which operates under OCBC's fintech and innovation group, aims to

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