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OCBC conducts blockchain ‘first’ in SE Asia

Singaporean lender OCBC has become the first bank in Southeast Asia to successfully conduct a cross-border payment transaction using blockchain technology. The pilot transaction between OCBC Malaysia and Bank of Singapore utilised a solution jointly designed by OCBC Bank and local banking payment solutions company BCS Information Systems (BCSIS). According to a media release, the BCSIS blockchain platform allows inter-bank payments between…

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