Singapore Stock market news : UOB’s digital efforts lead the pack but watch out for costs .

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SINGAPORE (Sept 19): United Overseas Bank’s (UOB) is standing out with regards to computerized managing an account among the three neighborhood loan specialists.

The proceeded with interest in IT capacities and cost justification is need for Singapore banks, notes examiner Ng Li Hiang.

UOB’s improvement of its own token innovation for contactless ATMs and moment advanced cards concurs it first-mover advantage, says Ng, taking note of that the bank has a lead of up to 12 months on its associates in the versatile contactless installment space.

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