The police have disrupted over 3,500 scam attempts during a two-month-long operation which ended on Dec 31, 2025, preventing ...

Singapore's central bank said on Monday it will consider supervisory action against the country's second-biggest lender Oversea-Chinese Banking Corp (OCBC), after hundreds of its customers were hit by ...

Singapore's central bank said it has asked Oversea-Chinese Banking Corp Ltd (OCBC) to keep an additional S$330 million ($240 million) in capital for operational risk after hundreds of its customers ...

Industry players say better checks are needed as scammers increasingly use artificial intelligence to mimic legitimate ...

The bank is adding secure in-app calling for both incoming and outgoing calls, helping customers reach the bank safely and verify when the bank is genuinely contacting them. OCBC Bank will ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The kill switch can be activated in the event of a scam using ...

Customers will be able to transact as usual with the remaining balances in their account which have not been locked. If these remaining balances are insufficient, they must unlock their funds before ...

Singapore bank OCBC has agreed to reimburse S$8.5 million ($6.3 million) to 469 customers who fell for an SMS phishing scam in December. It is a generous move, but perhaps a surprising one; scammers ...

Banks in Singapore will have to provide a "kill switch" as part of a new slew of security measures to safeguard against growing online scams. Consumers also are urged to access their accounts via ...

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of around SGD 330 million on OCBC Bank. The city-state’s regulatory authority noted that this latest move was in ...

SINGAPORE, Jan 17 (Reuters) - Singapore's central bank said on Monday it will consider supervisory action against the country's second-biggest lender Oversea-Chinese Banking Corp (OCBC) (OCBC.SI), ...