In addition, OCBC Bank aims to save SG$25 million in five years by reducing SMS OTPs and eliminating the issuance of hardware tokens.Aditya Gupta, head e-business, Singapore & Malaysia, OCBC Bank ...

OCBC has rolled out a digital "soft" token on its mobile banking app, in a move that is expected to save the bank some S$25 million in five years, by eliminating the issuance of hardware security ...

OCBC Bank has rolled out a digital security token – OCBC OneToken – on the OCBC Mobile Banking app for secure and convenient digital banking, replacing all hardware security tokens for customers.

OCBC has told The Business Times it is halting its move to phase out physical hardware tokens - previously slated for end-March 2022 - amid the sharp rise in online fraud involving the bank last month ...

OCBC currently offers three flavors of two-factor authentication for its customers--hardware, SMS or mobile phone as a token. Chia, however, personally favors the latter for a token.

OCBC rolled out the digital token in 2019, a move that was expected to save it around $25 million over five years by eliminating the need to issue physical tokens and reducing one-time passwords ...

KUALA LUMPUR: OCBC Bank (Malaysia) ... As an early adopter of digital tokens, the bank said it is encouraging its customers to switch from OTP to the more secure OCBC OneToken.

hirun/Getty Images. DBS, OCBC, and UOB in Singapore are slated to retire the use of one-time passwords (OTPs) for customers who have digital tokens, in a move that aims to combat phishing scams ...

They can subscribe to tokens at S$1,000 denominations, for example. OCBC has launched for sale bespoke tokenised bonds to corporate accredited investors, or corporations that have net assets ...

OCBC and UOB customers can similarly replace their physical tokens but the banks recommend switching to digital tokens. OTPs were introduced in the 2000s as a multi-factor authentication option to ...