Tag "OCBC"
MAS Fines Citi, DBS, OCBC, and Swiss Life Following Wirecard Probe
The Monetary Authority of Singapore (MAS) has imposed penalties amounting to S$3.8 million in total on Citibank, DBS Bank, OCBC, and Swiss Life for breaching its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. MAS discovered these breaches
Read MoreOCBC Bank Enters Into Long-Term Partnership With ADDX
Global private market exchange ADDX has entered into a long-term partnership with OCBC Bank that will see both parties work together to put out a wider variety of investment products. Through this partnership, ADDX will distribute OCBC’s first tokenised equity-linked
Read MoreAre Major Banks in Singapore Realising Their Digital Transformation Agendas?
Singapore, renowned as a financial hub and the prominent digital economy in Southeast Asia, is spearheading digital transformation in financial services, including its incumbent banks. While traditional banks have been sluggish to modernise in the past, this recent digital transformation
Read MoreSingapore Passes MAS’ Bill on ‘COSMIC’ to Gather Info on “Red Flag” Customers
The Singapore parliament has passed the Monetary Authority of Singapore’s (MAS) bill to establish the COSMIC platform. COSMIC is a secure digital platform for financial institutions to share with one another, information on customers who exhibit multiple “red flags” that
Read MoreOCBC Expands Programme to Teach Digital Banking to Another 2000 Seniors
OCBC Bank announced that it will be expanding its Digital Silvers programme to upskill an additional 2,000 seniors with digital banking skills. The OCBC Digital Silvers is a one-on-one training programme for elderly customers aged 60 years and above to
Read MoreOCBC Launches Virtual Branch on Metaverse Platform Decentraland
OCBC Bank has set up a virtual branch OCBCx65Chulia on the metaverse platform Decentraland which is named after its headquarters on Chulia Street, Singapore. The virtual branch OCBCx65Chulia allows visitors to learn about OCBC’s historical milestones along with the latest
Read MoreOCBC Disbursed Over S$3.5 Billion in Sustainable Loans Two Years Since Launch
OCBC Bank said that it has disbursed more than S$3.5 billion through the OCBC Eco-Care Loans in the two years since its launch in March 2021 where “traction in 2022 was particularly strong”. These loans accounted for 1 in 5
Read MoreDBS, OCBC and UOB Carve Out a Place on the Sustainability Perceptions Index
DBS Group, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) were the three Singapore banks that managed to snag a place on the Brand Finance Sustainability Perceptions Index. The study, which was released in association with the International Advertising
Read MoreOCBC 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
Read MoreTop 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
Read More