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Best Digital Robo-Advisory Service and Best Home Loan/Mortgage Product - OCBC
The winning bank launched a sustainable housing loan that promotes eco-friendly homes with low interest rates. The bank with Building and Construction Authority co-developed the tropical home energy efficiency assessment as a prerequisite to determine the applicant’s eligibility to build a greener home based on AI-powered analytics and parametric energy simulation. The bank facilitated 800 home loans worth $600 million. The bank also introduced a robo-investment platform that targets young Singaporeans who wants to invest, despite inadequate financial knowledge and limited capital. It provides a wide range of products across six global markets, and 31 curated portfolios generated based on risk appetites. The platform has seen a gross investment growth of 45% year-on-year and its asset under management (AUM) doubled year-on-year.
For providing simplified account setup processes and customised portfolio management that are tailored to meet the needs of the investors and for introducing a sustainable home loan, the Best Digital Robo-Advisory Service and Best Home Loan/Mortgage Product are awarded to OCBC.
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