Oversea-Chinese Banking Corporation (OCBC)

109 results about this entity

Period: 21 May 2004 - 15 Aug 2024

/security

MAS collaborates with banks and tech firms on quantum security

The Monetary Authority of Singapore has gathered a consortium of banks and technology partners to study the application of Quantum Key Distribution (QKD) as a defensive mechanisim against the threat posed by super-fast computing power.

/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

/security

OCBC rolls out 'Money Lock' anti-scam security feature

From 30 November 2023, 2 million OCBC Singapore customers will be able to lock funds in their existing OCBC bank accounts using OCBC Money Lock to safeguard against unauthorised transfers. This is a strong defence against malware and phishing scams.

/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

/markets

OCBC rolls out ChatGPT-based bot to all employees

Singapore's OCBC is to roll out a generative artificial intelligence chatbot to all of its 30,000 employees to assist them with writing, research and ideas for new innovations.

/sustainable

OCBC initiates sustainability innovation challenge

OCBC Bank has partnered its corporate customer SATS, a leading food solutions provider, to launch the inaugural OCBC Sustainability Innovation Challenge.

/security

OCBC capital limits raised over flawed response to SMS phishing scams

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank (OCBC), over deficiencies in the bank’s response to a wave of spoofed SMS phishing scams in December 2021.

/sustainable

OCBC to provide corporates with tokenized carbon credits

OCBC Bank and MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore, have announced a strategic partnership to develop new green financing solutions aimed at accelerating large corporates’ journey to carbon neutrality.

/markets

OCBC Securities and Lion Global list Singapore's first low carbon EFT

OCBC Securities and Lion Global Investors will list Lion-OCBC Securities Singapore Low Carbon ETF on the Singapore Exchange (SGX) on 28 April 2022.

/sustainable

SGX and OCBC launch low carbon index tracking of top companies

Singapore Exchange (SGX) and Oversea-Chinese Banking Corporation (OCBC Bank) today jointly launched the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index tracking the top 50 companies by free-float market capitalisation, that are representative of Singapore’s real and financial economy.

/security

OCBC rolls out account kill switch following spate of phishing scams

Following a wave of SMS phishing attacks, OCBC Bank has rolled out a kill switch that enables customers to immediately freeze all their current and savings accounts in an emergency.

/security

Singapore banks act to tackle spate of SMS phishing scams

Banks in Singapore are set to remove clickable links in emails and text messages sent to retail customers after a spate of SMS phishing scams.