Report
Michael Wu
EUR 147.86 For Business Accounts Only

UOB's Corporate Day Highlights the Bank's FinTech Investments and IT Capabilities

United Overseas Bank, or UOB's, corporate day highlighted the bank's IT capabilities and future initiatives, along with its financial technology, or FinTech, investments under their accelerator program, FinLab. After completing the integration of all its regional banks onto a single platform, the bank is maintaining its technology spending to focus on payments, data, and security and compliance. Technology-related expense averaged 2.7% of total operating income over the past five years, and we e...
Underlying
United Overseas Bank Ltd. (Singapore)

United Overseas Bank is bank in Asia with a network of offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Co. provides a range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance. Co. operates within three main operating segments: Group Retail, Group Wholesale, and Global Markets and Investment Management. As of Dec 31 2014, Co. had total assets of S$306.74 billion.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wu

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