How UOB is disrupting traditional banking

SINGAPORE (Sept 16): Banks might be seen at losing end of the innovation race, with startups hungry to eat their breakfast. United Overseas Bank (UOB) however appears to be bucking this trend with its efforts to marrying startups with traditional banking services.

This however does not extend to financing them, says Eric Tham, head of group commercial banking, UOB.

“If they come to our bank to borrow money from us, they will have a hard time getting a loan because they do not have collateral, only a business idea,” says Tham.

---

Related Stories

• UOB ‘making steady progress’ on upcoming fintech lab in SIT Punggol
• UOB to grow organically through seamless connectivity
• UOB’s Wee on driving business through values and culture

---