Tag: digital banking 2025

Banks to block 50% transfers under new scam rules

Singapore’s leading banks will soon introduce a new safeguard designed to protect customers from large-scale digital scams. Starting 15 October, banks will automatically hold...

FCA penalises Monzo £21m for control failures

Digital bank Monzo has been ordered to pay a £21m fine by the Financial Conduct Authority (FCA) for failing to maintain robust anti-financial crime...

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