Maybank Singapore prevents loss of S$1.16m across 17 cases

One case sees a service manager prevent a S$37,000 scam.

Maybank Singapore, with help from the Singapore Police Force, revealed that it has prevented the loss of over S$1.16m across 17 cases between March 2023 and March 2024, the bank revealed.

In one case, Maybank Jurong Point branch service manager Brenda Tan prevented a customer from being scammed S$37,000, the bank said in a press release.

The customer was nearly scammed from text messages supposedly from her husband. Tan made the decision to escalate the case to Maybank’s Digital Banking Fraud Team. This then helped prevent the customer from losing their savings, Maybank said.

Follow the link for more news on

Maybank

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Over half of banking executives struggle with data silos: report

This is due to technological barriers and cost constraints.

Information Technology

5 hours ago

Australian banks' credit risk rises amidst high debt, economic uncertainty

National Australia Bank reported an 8.1% decline in cash earnings.Australian banks face heightened risk of rising credit losses as high household debt levels, elevated interest rates, and global economic uncertainties continue, according to S&P Global Ratings.

Retail Banking

5 hours ago

Visa launches new products to boost flexibility, security in APAC

It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.

Cards & Payments

6 hours ago

State Bank of India taps SG-based APIX for fintech innovation platform