“This use case demonstrates how AI complements human work by serving as a strategic advisor to empower bankers to make informed decisions that align with business goals, thereby providing incremental, measurable value in a complex, financial environment,” says Richard Lowe, UOB’s chief data officer.
United Overseas Bank (UOB) has recorded tangible gains from its AI deployment, with corporate banking revenue in Singapore rising more than 5% y-o-y in 2024. The bank attributes this growth to its AI-powered portfolio optimisation solution.
The solution, which transforms multi-year historical data into actionable insights using advanced optimisation algorithms, enables more consistent and strategic capital allocation across the bank’s corporate loan book. Importantly, the revenue uplift came without a corresponding increase in portfolio risk, as the model balances revenue targets against risk-weighted asset considerations.
