As they embark on the RegTech race, banks cannot ignore frustrated customers.
The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank's head of legal & compliance Lam Chee Kin.
By tokenising the three-month fixed coupon note and distributing it on ADDX's platform, OCBC will have access to ADDX's global accredited investor base.
The increasing usage of QR codes for cashless payments have led to a spike in phishing scams in Singapore.
The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.
The calls for UPI access to be restored come after India’s government added virtual assets to the country's Prevention of Money Laundering Act in March.
The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.