The participating banks, who took part in the two-month operation, from 1 November 2024 to 31 December 2024, were DBS Bank, UOB Bank, OCBC Bank, Standard Chartered Bank, HSBC Bank, and GXS Bank.
Tag: Financial Scams
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SFV will be triggered in higher risk scenarios to strengthen and complement existing authentication methods for DT setup.
Singapore: ASC, banks join hands to disrupt over 2,000 scams, prevent SGD 90 million loss
ASC and the banks used robotic process automation technology to detect potential victims of scams. These scams were related to jobs, investments, fake friend calls and e-commerce.
