Data compromises have almost doubled over the past few years as the world goes more digital. The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement, of approximately S$330 million, on OCBC Bank (OCBC), given deficiencies in the bank’s response to a wave of spoofed SMS phishing scams…
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Using face verification on OCBC Bank ATMs is account balance enquiries. The introduction of facial biometrics for ATM services by OCBC Bank takes Singapore closer to eliminating the need to carry around an ATM card, which can be skimmed or stolen. The first transaction which can be performed using face…
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Customers can login using their SingPass via the mobile app. OCBC Bank’s 1.8 million digital customers will now be able to use the SingPass Mobile app as an alternative login to access the full suite of digital banking services via the OCBC Mobile Banking app or Internet banking. Using SingPass…
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