The Asian Banker
中文
LoginSubscribe

New transaction signing token will cost six largest Singapore banks more than $50m
Banks are convinced that commercial risk-reward trade-offs and customer inconvenience do not fully justify the new transaction signing token for e-banking.

Dec 20, 2012 | Research

Online banking platforms of commercial banks handle millions of transactions every month. In mature markets such as Hong Kong and Singapore, more than 50% of all retail transactions are conducted through e-banking. For securities trading, Forex margin trading and IPO subscriptions, this percentage can exceed 80%. Banks in these two markets are able to generate between $10 and $100 per customer annually, mostly on transactional services and trading. Online banking has become more mainstream with active rates now surpassing 60%. As a consequence, regulators frequently update their risk…

Please login to read the complete article. If you already have an account, you can login now or subscribe/register.

Categories: Internet Banking, Operational Risk & Security, Regulation, Retail Banking, Retail Payments, Risk and Regulation, Technology & Operations
Keywords: Man in the Middle Attack, DDoS, HKMA, MAS, NAF, Assurity, HSBC, 2FA, Standard Chartered Bank, RHB, Assurity
Add a new comment:




Allowed tags: <b><i><br>



Comments (0)



Show Less
White Papers
About us | Jobs and Internships with us | Contact us | Advertise with Us | | Privacy Policy | Copyrights Requests | Legal Notice | Feedback
RSS FeedRSS Feed | Follow us on Linkedin Twitter Facebook
Copyright 2014, The Asian Banker. All Rights Reserved .