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OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8 Million

Fintech News

In response, ASC and OCBC collaborated to utilise in-house data analytic models and network detection tools to identify and freeze accounts exhibiting potential money mule behavior. The post OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8 Million appeared first on Fintech Singapore.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard).