- OCBC Bank partners Ant International on revolutionary blockchain treasury platform
- New system enables non-stop payments between Singapore and Malaysia
- Partnership expands existing Alipay+ collaboration for cross-border transactions
Banking Gets a Blockchain Boost
OCBC Bank has launched a groundbreaking initiative through its partnership against Ant International to revolutionize treasury management.
The collaboration leverages Ant’s Whale platform, bringing blockchain technology to streamline cross-border payments between Singapore and Malaysia.
Next-Gen Treasury Takes Shap
The innovative system combines AI capabilities and advanced encryption on the Whale platform to transform global liquidity management.
This breakthrough enables 24/7 fund settlements, marking a significant advancement in international banking operations.
Strategic Digital Expansion
The November 5 agreement, signed by OCBC’s Head of Global Transaction Banking Melvyn Low and Ant International President Douglas Feagin, builds upon their existing relationship.
This partnership expands their September 2023 collaboration on the Alipay+ network, which established cross-border payment channels linking Singapore, Malaysia, and South Korea.
