United Overseas Bank (UOB) has been focusing on using big data, artificial intelligence, cloud, and robotic process automation to digitally transform its operations. The annual ICT spending of UOB was estimated at $475 million for 2021. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. UOB provides a range of financial solutions, including deposit accounts, loans, payment and travel cards, and insurance. It offers trade finance, corporate finance, financial supply chain management, savings bonds, cash management, treasury management, and debt and equity capital market solutions.
The UOB 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. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, accelerators & innovation programs, technology partnerships, technology introductions, venture arm, investments, and ICT spending among others.
Digital Transformation Strategies
UOB has built an enterprise-wide big data platform to support its business units. The platform enables UOB to capture critical data insights that can help it drive business improvement through artificial intelligence (AI), machine learning, and analytics.
To gain more insights on digital transformation strategies and initiatives of UOB, download a free report sample.
UOB Technology Theme Focus
UOB is utilizing several emerging technologies including big data, cloud, and cybersecurity among others to enhance its operational and service capabilities.
To know about other technology themes under focus for the company, download a free report sample
UOB Technology Initiatives
UOB has been involved in several strategic technology partnerships and collaborations, technology developments and roll-outs, and technology investments over the last few years. For instance, in 2019, the company launched the AI-powered digital financial management tool Mighty Insights to offer its customers a convenient way to manage their finances. The tool – integrated with the UOB Mighty app – leverages data analytics, machine learning, and pattern recognition technologies to track customer savings and expenses and provide them with relevant financial solutions.
For more insights on other technology initiatives of UOB, download a free report sample
UOB ICT Spend by Function
- Data center
- End-user computing
- Service desk
For more insights on ICT spending by function, download a free report sample
UOB ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
For more insights on ICT spending by channel, download a free report sample
UOB External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
For more insights on external ICT spending by segment, download a free report sample
UOB Tech Ecosystem Overview
|Total ICT Spending 2021||$475 million|
|ICT Spend by Function||Data center, Communications, Network, Application, End-User Computing, Management, and Service desk|
|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||Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others|
|Technology Theme Focus||Big Data, Cloud, and Cybersecurity|
This report provides:
- Insight into UOB’s technology activities.
- Insights of its accelerators & innovation programs, and venture arm.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insight into UOB’s fintech operations.
- Discover its fintech strategies and innovation initiatives.
- Learn about its product launches, partnerships, and investments.
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Table of Contents
Table of Contents
Digital Transformation Strategy
Accelerators, Incubators, and Other Innovation Programs
Venture Arm UOB Venture Management
Partnership and Investment Network Map
ICT Budget and Contracts