Company Briefs

OCBC's app draws over 8,000 new deposit accounts

OCBC Bank, the first bank here to allow customers to open a deposit account through an application on smartphones without having to visit a branch, saw over 8,000 accounts opened via the app since it was launched in April this year. This makes up around 15 per cent of over 60,000 OCBC 360 Accounts opened over the six-month period, said OCBC in a statement. Among customers who have used this app to open their accounts, over 80 per cent are new-to-bank. They are mostly professionals, managers, engineers and technicians, from 23 to 35 years old.

OUE to invest US$200m in GIC-backed fund