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Association of Banks in Singapore (ABS)
Banking & finance
Association of Banks in Singapore launches best practice paper to enhance AML and CFT audits in banks
The paper provides internal auditors within Singapore’s banks and external auditors who work with banks with a common framework to formulate and execute audits pertaining to AML/CFT.
October 21, 2024
News
Singapore banks to implement Singpass face verification for digital token setup
The use of SFV is the latest security measure that banks are rolling out to protect customers from scams.
September 18, 2024
Cybersecurity
Bank account OTPs logins to be phased out for digital token users within next three months
Digital tokens on browsers or mobile bank apps will become the only way to login.
July 09, 2024
Singapore news
Central cheque processing system faces technical issue
Cheques deposited on Dec 12 will be credited from 5pm on Dec 13.
December 13, 2023
Banking & finance
Banks in Singapore avert $57.6 mil in scam losses: ABS
The banks’ recently implemented anti-malware tools have further protected customers from potential losses of at least $18.6 mil.
October 24, 2023
Banking & finance
MAS to dangle sweetener for family offices; banks urged to give better returns on deposits
“We need to make it easy for customers to shift their money into high-yielding assets... A year ago I was a little concerned.”
June 28, 2023
Banking & finance
MAS to recognise single-family offices' contributions to charity, blended finance, climate solutions: Tharman
“We need higher levels of investment over a long period of time to solve the world’s largest challenges.”
June 23, 2023
Banking & finance
ABS launches central registry for banks' trade financing deals to avoid duplicates
The industry initiative aims to mitigate the risk of duplicate financing for the same underlying trade.
June 23, 2023
Sustainability
MAS to set up association to scale voluntary carbon markets, transition finance, blended finance
The Association of Banks in Singapore is leading the coordination and set-up of the Singapore Sustainable Finance Association.
June 08, 2023
Banking & finance
Trust in Singapore banking industry increases for second straight year: ABS survey
Respondents' trust came from the banks’ resilience as seen in their “strong business and financial performance" through Covid.
February 13, 2023