OCBC Forms Strategic Partnership With Ant International to Enhance Cross-Border Fund Settlements

Nov 06, 2024•about 1 year ago

Contract Type

partnership

HangzhouNatural Language ProcessingMachine LearningArtificial Intelligence

Description

OCBC and Ant International have formed a strategic partnership to enhance the efficiency and speed of cross-border fund settlements. The partnership aims to explore innovations in tokenised deposits for global treasury management, through Ant International's Whale platform, to achieve around-the-clock cross-border payments in real-time between Singapore and Malaysia.

Company Information

Company

Ant Group

Location

Hangzhou, Zhejiang, China

About

Corporate sustainability is a multi-disciplinary practice which involves mobilising all the departments to come on board. The implementation of our sustainability strategy is not simply an isolated exercise or a checklist to be fulfilled. It involves an in-depth organisational and mindset transformation to bring about real change, which is challenging in our diverse, cross-culture and multi-market context. We see sustainability and business growth as dual value carriers for our organisation’s long-term success, so we will continue to focus on the internal capacity-building as well as external engagement with our partners.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months