THE Monetary Authority of Singapore (MAS) has called the 2-day service disruption at DBS a "serious" one and expects the bank to conduct a thorough investigation to identify the root causes.
SINGAPORE'S largest lender is expected to receive a serious reprimand and a fine from the regulator for its ongoing tech outage that has caused broad and material impact, say analysts.
SINGAPORE'S largest lender is expected to receive a serious reprimand and a fine from the regulator for its ongoing tech outage that has caused broad and material impact, say analysts.
THE Monetary Authority of Singapore (MAS) has called the ongoing service disruption at DBS a "serious" one and expects the bank to conduct a thorough investigation to identify the root causes.
UBS group CEO Ralph Hamers is no stranger to the merits of technology - after all, he had last led Dutch bank ING Group to its fame as a top digital-led lender in Europe during his tenure as CEO.
DBS's digital banking services are "returning to normal" as at Wednesday (Nov 24) night after a prolonged disruption that affected customers since Tuesday morning.
