Singapore

This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.

Contactless cards are a key driver of growth.

Wealth management and loan fees hit record highs.

Loan growth was at its highest in seven years.

The funds will mainly go to improving the livelihood affected by the pandemic.

Latest industry survey reveals 88% of Singaporeans prefer biometric cards.

This comes after the bank’s digital services went offline in November.

OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.

The Veritas Consortium also released an open-source toolkit to help with adoption.

The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.

One measure is the removal of the clickable links in SMSes sent by the bank.

The institutions will collaborate on payments innovation projects amongst others.

The cloud is increasingly becoming the primary location for financial institutions to store and process data: most financial institutions have moved their applications to cloud platforms, and many of those that still have their data on-premise today are planning their imminent migration to cloud.

The bank assured customers that it employs a multi-layered defence system against fraud.

Banks are asked to remove links in emails and SMS sent to customers.

Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.