OCBC and SG police force prevent scam losses worth S$12.6m

About 700 victims were safeguarded from potential loss.

Oversea-Chinese Banking Corporation (OCBC Bank) and the Anti-Scam Centre (ASC) of the Singapore Police Force conducted a one-month operation against financial scams.

Utilising Robotic Process Automation (RPA) technology, the joint forces were able to protect 700 victims and avoided the potential loss of more than S$12.6m (US$9.45m).

The RPA technology enables the police to make precautionary alerts to scam victims, advising the individuals to stop further monetary transactions.

ALSO READ: OCBC Bank opens 'Metaverse branch' in Decentraland

Whilst operations were ongoing, the ASC and OCBC Banks officers conducted "live interventions" by scrutinizing the fund transfers to over 500 bank accounts that were reported as fraudulent.

Collaboratively, the joint forces identified individuals who had transferred money to these scam-marked bank accounts and sent over 1,000 SMSes to notify them of the ongoing scams targeted at them.

($1 = US$0.75)

Follow the link for more news on

OCBC Bank

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices