Mobile banking fraud is on the rise across North America

Mobile banking - Fraud Alert

Consumers are being urged to learn how to protect themselves against common types of scams. Consumers across North America are finding themselves facing the risk of mobile banking from to an increasing degree, and victims of these scams are losing a lot of money. Suspicious calls and texts on smartphones have become commonplace for many consumers. Device users are regularly receiving texts and calls informing them that their accounts have been compromised or that they have experienced unauthorized charges on their credit cards. These are part of large and rapidly…

Read More

Mobile banking facial recognition tech implemented by Singapore’s OCBC Bank

Mobile banking facial recognition - Man with iPhone and backpack

OCBC Bank allows Malaysian customers to use facial biometric technology for authentication. Oversea-Chinese Banking Corporation Limited (OCBC Bank), has launched OCBC OneLook, a new mobile banking facial recognition service. By simply looking at their mobile device, customers of the Singapore-based bank can access their account balances and transactional activities. The new service can be accessed by iPhone X users. Presently, the mobile banking facial recognition service introduced by OCBC Bank, can be utilized by Apple users who have an iPhone X, iPhone XS, XS Max, and XR models. Customers who…

Read More