Tag: Banks
Bank Impersonation Scams: A Surge in Victims and Financial Losses
In December 2023, Singapore witnessed a worrying surge in bank impersonation scams, with at least 103 individuals falling victim and…
Introduction of New Security Measures by Major Banks
DBS/POSB, UOB, and OCBC, three of Singapore's major banks, have introduced a new security feature that allows customers to 'lock…
State Bank of India’s Yono Global App Launch in Singapore
State Bank of India (SBI) is gearing up to launch its 'Yono Global' app in Singapore, expanding its digital banking…
Singapore Expands Cashless Payment Options with Indonesia and Malaysia for Enhanced Fund Transfers
Singapore's financial landscape takes a significant leap forward with the introduction of new cross-border cashless payment and fund transfer services…
MAS bars DBS from acquiring new business ventures for 6 months after repeated banking service disruptions
The Monetary Authority of Singapore (MAS) has taken a significant step by barring DBS Bank from acquiring new business ventures…
Transition to Digital: Singapore Banks Set to Charge for Cheque Usage
Starting from November 1, a fee ranging from S$0.75 to S$3 (equivalent to US$0.55 to US$2.19) will be levied by…