, Singapore

OCBC debuts all-digital account application

There will be no need to provide documents as it can easily link to MyInfo.

OCBC is rolling out an all-digital, paperless bank account application that leverages to provide customers with a seamless onboarding experience.

Customers don't have to provide identifying documents as the onboarding process leverages on their information from the national data repository MyInfo, enabling customers to open an OCBC 360 account without the need to visit a nearby branch.

Also readOCBC to roll out fingerprint-based credit card payments

Customers may log in using their SingPass and consent to OCBC Bank using their MyInfo profile to set up a new account. An online OCBC 360 Account application form is then pre-filled with the customer's personal details. As the bank has fully digitised its digital KYRC process, new account numbers can arrive within seconds of application which can be used right away for electronic transfers.

“Our ambition is to have one in every two customers on-boarded digitally with zero human intervention, and this launch is a significant milestone in that journey. We will be extending this service to a broader suite of our products shortly,” said Aditya Gupta, OCBC Bank’s head of e-business Singapore.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.