The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
June 3, 2022A review of OCBC's anti-fraud systems and procedures concluded that the bank should take a more "integrated approach" to combat fraud and scams.
April 26, 2022New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022The 'kill switch' service allows exchange participants to quickly cancel outstanding orders by broker number in contingencies.
November 1, 2021The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.
October 2, 2020