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UOB's new robot employees Amy and Eve making quick work of data entry tasks

UNITED Overseas Bank (UOB) has welcomed its first "virtual employees" that will take over tasks that the bank's human employees have found repetitive and time-consuming, cutting data processing time by more than half. UOB on Wednesday unveiled Amy and Eve, two robots that have been assigned to teams supporting its wholesale banking and retail businesses. The Business Times understands that these are not physical robots, but programmes using...


Nets invests S$30m to launch unified e-payments platform

A CASHLESS future has become more of a reality in Singapore, as Nets is investing over S$30 million in the next three years to launch a unified digital payments platform here. The local payment services group said on Monday that it will expand a unified, interoperable QR code payment system to more than 100,000 acceptance points at 37,000 merchants nationwide - and extend it to customers of seven major banks here. Nets added that its...


S'pore can help to develop Asia's financial services

THE financial services' Industry Transformation Map (ITM), launched on Oct 30, aims to create thousands of jobs here in Singapore, as well as raise productivity and growth in the industry, and by extension the wider economy. Under the ITM, the financial services sector is expected to achieve 4.3 per cent growth in the medium term, almost twice as fast as the overall economy. By 2020, an additional 1,000 jobs are expected to be created in...


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