Singapore Regulator Says Latest DBS Digital Outage Unacceptable

Bloomberg2023-03-30

Singapore’s financial regulator will take action against DBS Group Holdings Ltd. after a second digital banking outage in less than two years, calling the disruption “unacceptable.”The Monetary ...

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Comments

  • TeslaLegend
    2023-03-30
    TeslaLegend
    Nice 
  • Agxm
    2023-03-30
    Agxm
    Say only but will not do anything.
  • Blessedme
    2023-03-30
    Blessedme
    How can a big bank like DBS have such outrage in digital age? We are dependently on digital transfer and caused us anxiety to get transfers done. MAS should give them a hefty fine!
    • Fly High: 
      The banks might explore getting independant 3rd parties (Wepay, grabpay etc) to manage the e-wallets.
      Their servers can be better utilised in 'critical area' and avoid massive time-sensitive volumeous small transactions.
    • Blessedme: 
      Needless to say, our monies get robbed digitally. Hence i put less money in each bank. open as money accounts as possible and let 1000 as withdrawal limit.
    • Agxm: 
      If u think now is bad enough, wait till when they implement full cashless payment😂😂
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