Bank Impersonation Scams: A Surge in Victims and Financial Losses
In December 2023, Singapore witnessed a worrying surge in bank impersonation scams,…
Introduction of New Security Measures by Major Banks
DBS/POSB, UOB, and OCBC, three of Singapore's major banks, have introduced a…
State Bank of India’s Yono Global App Launch in Singapore
State Bank of India (SBI) is gearing up to launch its 'Yono…
Singapore Expands Cashless Payment Options with Indonesia and Malaysia for Enhanced Fund Transfers
Singapore's financial landscape takes a significant leap forward with the introduction of…
MAS bars DBS from acquiring new business ventures for 6 months after repeated banking service disruptions
The Monetary Authority of Singapore (MAS) has taken a significant step by…
Transition to Digital: Singapore Banks Set to Charge for Cheque Usage
Starting from November 1, a fee ranging from S$0.75 to S$3 (equivalent…
Former Bank of China Chairman Arrested on Bribery Charges: Crackdown on Corruption in China’s Financial Sector Intensifies
In a significant development, the former chairman of the Bank of China,…