COSMIC, launching in May, requires banks to implement a number of safeguards to protect legitimate customers from having their information shared.
March 12, 2024Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.
March 8, 2024Hengfeng Bank was bailed out in 2019 by Central Huijin Investment, Shandong Financial Asset Management and Singapore's UOB after a major corruption scandal.
February 25, 2024RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.
January 12, 2024The guidance came after Stamford Land allocated excess rights shares to directors and controlling shareholders before fully satisfying applications by minority shareholders.
December 19, 2023With MAS implementing the last phase of Basel III requirements from July 2024, local banks have installed strong controls and programmes to ensure compliance.
December 5, 2023‘Locked up’ funds will remain safe, even if the customer's mobile devices or bank account login credentials fall into the wrong hands.
November 28, 2023UOB acquired Citi’s consumer banking operations in Indonesia, Malaysia, Thailand, and Vietnam.
November 22, 2023Four new digital money trials will commence with industry players, and MAS will pilot the “live” issuance of wholesale CBDCs for the first time next year.
November 17, 2023The risk framework will enable FIs to use GenAI in a responsible manner, including by leveraging illustrative use cases to better understand its impacts.
November 16, 2023