Tag "OCBC"

Money Lock Safeguarded S$6.6B Across Over 78,000 Singapore Accounts

Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in November, over 78,000 accounts have been established with more than S$6.6 billion of savings securely set aside as of March 2024.

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COSMIC Platform Goes Live in Singapore to Combat Financial Crime

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The system, which became operational today

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OCBC Supports Women-Led Startups with Up to S$100,000 Financing

OCBC Bank has unveiled a SME programme set to launch in April 2024, aimed specifically at supporting women entrepreneurs in Singapore. The OCBC Women Entrepreneurs Programme offers a targeted approach to financing, enabling female-owned SMEs to expedite their business goals.

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Elaine Heng to Lead OCBC’s Newly Formed Strategy and Sustainability Division

OCBC Bank has established a new division named Group Strategy, Innovation, and Sustainability. The division aims to anchor the bank’s strategic direction, fostering innovation and sustainability efforts. The new division, set to commence on 22 April 2024, will play a

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Three Singapore Banks Step Up to Combat Rising Cost of Living for Junior Staff

Three of Singapore’s leading banks have announced substantial financial aid packages in a move to support junior employees during times of economic inflation. This initiative, kick-started by DBS, followed by OCBC, and then UOB, is in response to the latest

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OCBC to Offer S$9M Financial Aid to Junior Staff Worldwide Amid Rising Living Costs

OCBC Bank plans to distribute a one-time financial aid package totaling nearly S$9 million to its junior employees worldwide, aimed at alleviating the impact of escalating living costs. The disbursements are scheduled between February and March 2024. This initiative is

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OCBC Enhances Digital Security, Extends OCBC Money Lock to Time Deposits

From January 31, OCBC Singapore is set to expand its OCBC Money Lock ‘kill switch’ service to time deposits. This follows its successful implementation for current and savings accounts in November 2023. The enhancement is a response to growing concerns

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5 Use Cases Of Generative AI (Gen AI) in Banking, Insurance Within Asia

The emergence of generative artificial intelligence (Gen AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region where we are seeing a rise of use cases for generative AI

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Top 10 Banking Trends in 2024 that Will Define the Sector

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. This evolution reflects the dynamic shift seen a quarter century ago with the Digital

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OCBC to Launch ‘Money Lock’ That Restricts Digital Access to Locked Funds

OCBC Bank in Singapore is set to launch a new security feature, ‘OCBC Money Lock’, starting from 30 November 2023, aimed at enhancing protection for its 2 million customers against unauthorised financial transactions. This initiative comes as a response to

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