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OCBC

“Can a legacy ASEAN commercial bank become the embedded-finance rail for SMEs across Southeast Asia and Greater China?”

Founded1932
HQOCBC Centre, Singapore
FoundersTan Ean Kiam, Lee Kong Chian
IndustryBank / National
The story

OCBC is a 90+ year old Southeast Asian commercial bank rather than a startup. Its strategic movement in embedded finance is developer- and API-driven: the CONNECT2OCBC API Store has 200+ partners across Singapore, Hong Kong, Malaysia and Indonesia, powers ~600k daily API calls and ~US$60M in transactions, and drives an SME Embedded Financing programme now extended into Indonesia via the 2025 Ant International partnership. The bank is positioning itself as the ASEAN/Greater China embedded-finance rail rather than a client of BaaS infrastructure.

Last 12 months
2025-06
Product timeline
1925
First China branch opened in Xiamen· banking
1932
OCBC formed from merger of Chinese Commercial Bank, Ho Hong Bank, and Oversea-Chinese Bank· banking
2022
First bank in Singapore to use digital passport / NFC-chip authentication in KYC for foreign SME business account opening· banking
2025
OCBC Indonesia partners with Ant International to deliver embedded finance to SMEs — extension of OCBC's SME Embedded Financing programme already live in Singapore and Malaysia· lending
2026
CBPR+ cross-border payment API sandbox planned for launch on OCBC API Store· banking
Regulated entities
2
regulatory licences held by OCBC
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Consortium membership
OCBC is a named member of an industry alliance building shared payment/settlement infrastructure alongside these organizations — full details on /consortiums.
SWIFT shared ledger for tokenised cross-border paymentsOperational · launched 2026-07-09
ANZBNP ParibasBNYCitiDBSFirst Abu Dhabi BankFirstRand BankHSBCItaú UnibancoLloyds BankMashreqMUFG BankStandard CharteredUBSUOBWells Fargo
The stack
10 layers disclosed in OCBC’s embedded-finance stack
Payments / PSP
OCBC Payments (self-operated)Stripe
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Insurance
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting
in the full report
Spend / AP
in the full report
Accounting gap: minor
14 more providers across 9 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.