Singapore banks will soon implement Singpass face verification when customers set up their digital tokens.
On Wednesday, Sept 18, the Monetary Authority of Singapore and The Association of Banks in Singapore announced that over the next three months, major retail banks will gradually adopt this new security measure to strengthen the digital token setup process and protect customers from scams.to improve and support the current authentication methods for setting up digital tokens.
MAS and ABS said that Singpass face verification is the newest security step banks are introducing to protect customers from scams. Ong-Ang Ai Boon, ABS Director, said that Singpass face verification increases customer protection by adding another layer to the existing security measures and tools provided by banks.
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