According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.
February 11, 2021Companies from nine key fintech verticals are invited to submit applications by 31 August, for a chance to showcase their solutions to corporates and investors at Hong Kong Fintech Week.
August 11, 2020The guidance will cover fees for corporate, SME and retail banking customers, as part of a broader push for fairer fee structures.
February 15, 2020Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.
January 20, 2020Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.
October 15, 2019The ACCC’s Rod Sims said the lack of competition is not surprising in a market dominated by four players, where no other players have managed to make serious inroads to displace them.
September 19, 2019A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
August 3, 2019Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.
June 4, 2018