Tag "Association of Banks in Singapore (ABS)"
Emergency “Kill Switch” Among Security Measures Pushed by MAS to Combat Fraud
An emergency self-service “kill switch” to suspend their bank accounts quickly if it has been compromised are among the additional measures that are being pushed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
Read More
MAS and ABS to Ramp up Digital Banking Security in the Face of Phishing Scams
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are introducing a set of additional measures to bolster the security of digital banking. The regulator has taken a proactive stance in response to the recent
Read More
MAS and ABS Urges Financial Institutions to Manage Emerging Risks of Remote Working
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic. The “Risk
Read More
ABS: Banks Are Ready to Support Landlords Affected by Rent Relief Measures
In a statement issued by the Association of Banks Singapore, the association reiterated that banks in Singapore are ready to support landlords who are facing income constrains and cashflow issues from the rental relief measures under the proposed COVID-19 (Temporary
Read More
PayNow QR is The Latest to Adopt SGQR, Singapore’s Unified Payment QR Code
The Association of Banks in Singapore (ABS) announced yesterday that PayNow QR will adopt the Singapore Quick Response Code (SGQR) specifications, enabling businesses to collect payments via PayNow through the national unified payment QR code, SGQR. The adoption of the
Read More
MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation
The industry consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has released the report and source-codes on Project Ubin the distributed ledger prototypes for inter-bank payments. The report : ‘Re-imagining Interbank
Read More
Singapore Fintech Festival: World’s Largest Fintech Festival Happening This Week
Organised by the Monetary Authority of Singapore (MAS), in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx Holdings, the second edition of the Singapore FinTech Festival kicked off today. The week-long event promises to
Read More
MAS And ABS Lead Consortium To Harness Blockchain Technology For More Efficient Inter-Bank Payments
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity
Read MoreLoading, Please Wait!
This may take a second or two.