OCBC finds way to cut data-retrieval time for criminal probes
Requests for data by law enforcers used to take up to three months to process. The automated system now does it in a day or two
Add BT as a preferred source
Angela Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IT can take up to three months for banks to retrieve and provide information required by law enforcement agencies for criminal investigations - and this is provided the information sought is straightforward and does not entail manual sieving of more than 13 months of data.
But OCBC, Singapore's second largest bank after DBS in terms of total assets, has found a way to cut the time and manpower needed to process this kind of data.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
