The Business Times
business-time-50
THE BANKER
·
SUBSCRIBERS

Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina

The bank is investing in talent and expanding research partnerships with universities

Summarise
google-preferred-sourceAdd BT as a preferred source
Renald Yeo

Renald Yeo

Published Tue, Dec 2, 2025 · 07:00 AM
阅读简体中文版 (beta)
    • Even as AI boosts productivity, OCBC is preparing for a deeper technological shift, says Praveen Raina, the bank’s head of group operations and technology.
    • Even as AI boosts productivity, OCBC is preparing for a deeper technological shift, says Praveen Raina, the bank’s head of group operations and technology. PHOTO: OCBC

    [SINGAPORE] Artificial intelligence (AI) has become a catalyst for OCBC’s technology overhaul, sharply reducing the time needed to rewrite legacy systems, said Praveen Raina, the bank’s head of group operations and technology.

    Tasks that once required years of manual code review are now completed in a fraction of the time. In one Hong Kong project involving the retirement of Cobol, AI cut the expected migration timeline by up to three years.

    “At least 40 to 50 per cent of the work is already done,” Raina said, freeing engineers to focus on higher-value testing and problem-solving.

    The BankerOCBCArtificial IntelligenceBankingSingapore banks

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years.

    DBS to launch tokenised physical gold for retail customers in Singapore

    As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets.

    S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan

    MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore.

    Singapore men, are you OK?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More