OCBC Bank – Enterprise Tech Ecosystem Series
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OCBC Bank has been focusing on innovative technologies as a part of its digital transformation strategies. The annual ICT spending of OCBC Bank was estimated at $1.3 billion in 2021. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. OCBC Bank and its subsidiaries provide banking, wealth management and insurance products and services to clients in 19 countries.
The OCBC Bank enterprise tech ecosystem report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
OCBC consistently implements innovative digital banking solutions by virtue of its strong focus and continuous investments in technology and digital progression. Over the last few years, the bank accelerated the roll-out of digital technologies to offer seamless banking services during the pandemic and respond quickly and effectively to rising competition in the banking and financial sector. As part of its competitive strategy to maximize the value it offers to customers, the bank adopted disruptive technologies such facial recognition and AI-based fraud detection technologies.
To gain more insights on digital transformation strategies and initiatives of OCBC Bank, download a free report sample
OCBC Bank Technology Theme Focus
OCBC Bank is utilizing a number of emerging technologies including biometrics, blockchain, and cybersecurity to enhance operational efficiency, improve product offerings and provide exceptional customer experience.
To know about other technology themes under focus for the company, download a free report sample
OCBC Bank Technology Initiatives
OCBC Bank has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.
For instance, OCBC Bank introduced OCBC OneCollect, a merchant app that facilitates PayNow collections for SMEs. The OneCollect app sends a notification to retailers, SME owners or their frontline staff once a customer makes a payment through PayNow QR code. This feature enables SMEs to confirm payments immediately and avoid theft as few customers show old screenshots of payments and pretend that they have paid for the current purchase.
For more insights on other technology initiatives of OCBC Bank, download a free report sample
OCBC Bank ICT Spend by Function
- Data center
- Communications
- Network
- Application
- End-user computing
- Service desk
- Management
For more insights on ICT spending by function, download a free report sample
OCBC Bank ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
For more insights on ICT spending by channel, download a free report sample
OCBC Bank External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
- Consulting
- Others
For more insights on external ICT spending by segment, download a free report sample
OCBC Bank Tech Ecosystem Overview
Total ICT Spending 2021 | $1.3 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Biometrics, Blockchain, and Cybersecurity |
This report provides:
- Insight into OCBC Bank’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into OCBC Bank’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of OCBC Bank in 2021?
The annual ICT spending of OCBC Bank was estimated at $1.3 billion in 2021.
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What are the key ICT spending categories by function for OCBC Bank?
The key ICT spending categories by function for OCBC Bank are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for OCBC Bank?
The key ICT spending categories by channel for OCBC Bank are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for OCBC Bank?
The key external ICT spending categories by segment for OCBC Bank are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for OCBC Bank?
The key technological theme in focus for OCBC Bank are biometrics, blockchain, and cybersecurity and payments.
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