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OCBC to Raise Annual Tech Spending Above S$1 Billion as AI Wealth Push Accelerates

By Chee Liang CFA4 min read

Singapore, 1 July 2026 – OCBC is planning to raise its annual technology spending to more than S$1 billion as the Singapore banking group accelerates investment in artificial intelligence, digital banking and wealth-management capabilities.

The move comes as the bank steps up its regional wealth strategy, including plans to hire 600 additional relationship managers over the next three years and launch an AI avatar application for wealth clients.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.