Banks to allow customers “lock” account funds to prevent scam

SINGAPORE: In an effort to protect their customers from falling victim to scams, three major Singaporean banks – DBS, UOB, and OCBC – are set to launch innovative anti-fraud measures next month. These measures will empower customers to “lock” a portion of their deposits in designated accounts, preventing unauthorized digital transfers and ensuring their financial … Continue reading Banks to allow customers “lock” account funds to prevent scam