Tag "OCBC"
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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OCBC’s Digital Banking Services Back Online After Intermittent Disruptions
OCBC Bank has announced that its internet banking, OCBC Digital App Funds Transfer, and PayNow services have resumed after experiencing intermittent technical issues in a Facebook post yesterday (7 November 2023) at 2.45 pm. However, the comments from users after
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OCBC to Deploy Generative AI Chatbot Powered by ChatGPT for Staff Globally
OCBC announced that it will deploy a generative artificial intelligence (AI) chatbot to its 30,000 employees globally in November 2023. The chatbot, powered by ChatGPT’s Large Language Models, will help employees with writing, research, and ideation. The OCBC ChatGPT was
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10 Asian E-Wallets Now Accepted in China Through Alipay+
Ant Group has officially welcomed seven new e-wallets and payment apps from Asia to its “Alipay+-in-China” Program (A+China Program). This includes mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay (South Korea)
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OCBC’s Anti-Malware Feature Foiled All Scam Attempts Since August Launch
OCBC’s anti-malware security feature has prevented scammers from stealing more than S$2 million from more than 30 customers in the first month since its launch on 5 August 2023. The bank received reports from these customers that their Android mobile
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OCBC’s Banking Services Restored After ‘Technical Issues’
OCBC Bank has restored all of its banking services after a technical issue caused an outage on Monday morning. The bank said in a Facebook post at 9.43am that the outage affected its mobile and online banking, PayNow, ATMs, Velocity
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OCBC Names Mike Ng as Sustainability Chief in Newly Created Role
OCBC has appointed Mike Ng for its newly created Group Chief Sustainability Officer (CSO) role, effective 1 August 2023 onwards. Ng will actively lead OCBC‘s sustainability agenda, including the transition to Net Zero economy on both the lending and wealth
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OCBC Offers Fully Digital Account Opening for Foreigners Relocating to Singapore
OCBC has launched a fully digital Singapore dollar and multi currency accounts opening service for foreigners from Malaysia, Indonesia, mainland China and Hong Kong SAR looking to relocate to Singapore. The bank expects the monthly average of foreigners who open
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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
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