Association of Banks in Singapore
The Association of Banks in Singapore (ABS) is a non-profit organisation that represents the interests of the commercial and investment banking community. (Source: LinkedIn)
Singaporean banks roll out face verification for digital token setup
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.
Singapore now has S$3.2b in funds ‘locked’ to prevent scams: ABS
Around 38,000 accounts now make use of local banks’ money lock feature.
ABS unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
Read Here
Advertise
Sign Up
Commentary
Lorem Ipsum Commentary