OCBC Bank Singapore had been busy in the market buying back shares in lots. During the period from 22 May 2017 to 25 May 2017, OCBC had bought 200 lots every day at market price of SGD 10.28, SGD 10.38, SGD 10.39 and SGD 10.48 consecutively. This reflect OCBC internal confidence that the price is within reasonable and attractive band that it decided to go market. Going forward, the Banking and Financial industry is expected to do well bearing in mind the various disruptions caused by the IT companies, so called FinTech. Banks in Singapore like OCBC had in the past decided to be part of the FinTech community, lending financial supports among others in order to quickly identify trends, start-ups and new ideas and to invest, grow and embrace them as a way of doing business rather than to ignore and to bear the brunt they could cause to their bottom line in the longer run.

Singapore banks are among the most sophisticated and forward thinking when it came to FinTech as compared to their peers in ASEAN.

EditorBanking & FinanceFinTech,OCBC,SharesOCBC Bank Singapore had been busy in the market buying back shares in lots. During the period from 22 May 2017 to 25 May 2017, OCBC had bought 200 lots every day at market price of SGD 10.28, SGD 10.38, SGD 10.39 and SGD 10.48 consecutively. This reflect OCBC internal...