Tag "OCBC"
OCBC Appoints Veteran Banker Noel Gerald DCruz as Group Chief Risk Officer
OCBC Bank announced the appointment of veteran banker Noel Gerald DCruz as Group Chief Risk Officer from 1 January 2023, succeeding Vincent Choo who will stay on as an adviser. DCruz joined OCBC in 1989 after a stint in the
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Top 10 Highlights from Last Week’s Singapore Fintech Festival
The seventh edition of the Singapore Fintech Festival (SFF), one of the world’s largest annual fintech events, kicked off on October 31, 2022 as an in-person event at the Singapore Expo. This year’s event, themed “Building Resilient Business Models amid
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Google Cloud Establishes Advisory Board for Its Point Carbon Zero Programme
Google Cloud has announced three key updates under the Point Carbon Zero Programme in today’s Singapore Fintech Festival 2022. Jointly launched with the Monetary Authority of Singapore (MAS) in July, the programme aims to catalyse the incubation and adoption of
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MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
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OCBC Becomes Latest Signatory to the UN’s Net-Zero Banking Alliance
OCBC Bank announced that it has become a signatory to the United Nations-convened, industry-led Net Zero Banking Alliance as part of its commitment to transition to a low-carbon world. As a signatory of the Alliance, OCBC will be transitioning the
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OCBC Appoints Head of Group Audit as New Group CFO
OCBC Bank announced the appointment of Goh Chin Yee as the Group Chief Financial Officer, effective 1 November onwards, to succeed Darren Tan who has opted for early retirement. Goh who is already a member of the Management Committee will
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LifeSG App Had Close to a Million Transactions Valued at S$41 Million Since Nov 2021
Close to 900,000 transactions, totaling over S$41 million, have been made through GovWallet on the LifeSG mobile application since the launch of the jointly developed digital payment service in November 2021 as Singapore aims to go cheque-free by 2025. LifeSG
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OCBC Customers Can Now Make Direct CPF Top-Ups
OCBC Bank’s customers will be able to make direct contributions to their Central Provident Fund (CPF) from within their banking app or internet banking platform. Close to 150,000 OCBC’s customers have already leveraged the Singapore Financial Data Exchange (SGFinDex) to
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OCBC Launches Its Inaugural Sustainability Innovation Challenge With SATS
OCBC Bank has partnered its corporate customer SATS, a food solutions provider, to launch the inaugural OCBC Sustainability Innovation Challenge. Companies worldwide will pitch solutions to address three waste management and reduction challenges identified by SATS relating to the segregation
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OCBC Hit With S$330 Million Additional Cap Requirement After Phishing Scam
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank. The regulator said that this move was in response to the deficiencies in the bank’s response to a wave of spoofed
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