Grab-Singtel group puts cybersecurity at top of digital bank agenda
Data governance is another key area for the bank, along with building robust banking infrastructure
Add BT as a preferred source
Singapore
GRAB and Singtel's consortium is making cybersecurity a top priority for their digital bank. This comes as the new entity faces increasing expectations to prove to regulators and consumers over the next year that its cybersecurity defences are robust enough.
In an interview with The Business Times, Grab Financial Group's senior managing director Reuben Lai said cybersecurity is a critical aspect of the digital banking business. "We've had a few moments where we had issues with data leakage, and those were moments where we worked with the regulator and put in new processes," he said.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
