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Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
UOB net profits jump 40% to S$4.075b in 2021
Wealth management and loan fees hit record highs.
Maybank Asset Management Malaysia launch Shariah-compliant retirement solution
The funds aim to achieve a 6% to 8% return per annum.
Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P
The bank’s non-performing loans ratio is expected to further decline in 2022.
UnionBank joins sandbox for digital currency use
The sandbox will evaluate CBDC use cases.
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
DBS commits add'l $100m to its foundation
The funds will mainly go to improving the livelihood affected by the pandemic.
Singaporeans want more biometric payment cards —survey
Latest industry survey reveals 88% of Singaporeans prefer biometric cards.
Barclays appoints new regional corporate banking chief
The new head will handle both Asia and Middle East divisions.
Mizuho Bank to invest $61m in Philippine digital bank operator Tonik Financial
The bank hopes to cash in on the Philippines growing digital finance sector.
Natixis CIB appoints new SEA head of real assets & investment banking
He will also hold the role of head of infrastructure funds coverage in Asia Pacific.
Dah Sing Bank shuts down 10 branches amidst rising COVID-19 cases
Customers are urged to visit other open branches or use alternative channels.
MAS slaps S$930m additional capital requirements for DBS
This comes after the bank’s digital services went offline in November.
3 in 5 in SEA wants OTP through SMS for every e-payment transaction
Others want two-factor authentication or biometrics as security options.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
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