As digitalization accelerates in the financial sector, the Singapore-based bank doesn't want to get left behind.
OCBC Bank wants to broaden its presence in the digital universe by adopting the metaverse platform Decentraland, which it sees as providing additional access points for existing customers while improving engagement with a younger audience.
Even though the space remains a nascent and evolving one, «the metaverse remains one of the newer ways to make a connection,» said Peter Koh, OCBC’s head of group technology architecture in an announcement.
Customers can open bank accounts and apply for credit cards using OCBC’s new metaverse-based instant access, which was created in conjunction with web3 firm Memotics and Nanyang Polytechnic Singapore.
