MAS Chief: Singapore Must Choose Security Over Convenience in Fight Against Scams
Fintech News
JULY 15, 2025
Over the past year, banks have phased out SMS one-time passwords (OTPs) for digital logins and card transactions, reducing the risk of account takeovers. MAS is also working with banks to strengthen user authentication for higher-risk online transactions. Several changes have already been rolled out.
Let's personalize your content