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OCBC to Raise Annual Tech Spending to More Than $771 Million

OCBC to Raise Annual Tech Spending to More Than $771 Million
Bloomberg Technology Wednesday 01 July 2026, 04:26 UTC By Rthvika Suvarna, Chanyaporn Chanjaroen 1 min read
Key Points

OCBC to Raise Annual Tech Spending to More Than $771 Million Oversea-Chinese Banking Corp. plans to increase its annual technology spending, including on artificial intelligence, to more than S$1 billion ($771 million), said a top executive. Singapore’s second-largest lender also expects to hire 600 additional relationship managers, Chief Executive Officer Tan Teck Long said at a media briefing on Wednesday. The recruitment will take place over the next three years, Sunny Quek, the bank’s...

OCBC to Raise Annual Tech Spending to More Than $771 Million Oversea-Chinese Banking Corp. plans to increase its annual technology spending, including on artificial intelligence, to more than S$1 billion ($771 million), said a top executive. Singapore’s second-largest lender also expects to hire 600 additional relationship managers, Chief Executive Officer Tan Teck Long said at a media briefing on Wednesday. The recruitment will take place over the next three years, Sunny Quek, the bank’s head of global consumer financial services said.
OCBC (ORG) Raise Annual Tech Spending (ORG) Oversea-Chinese Banking Corp. (ORG) Singapore (LOCATION) Tan Teck Long (PERSON) Sunny Quek (PERSON)
Originally published by Bloomberg Technology Read original →

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