Singapore’s DBS explains digital banking outages amid hefty profits

[ad_1] TOKYO — The head of Singapore’s DBS Group Holdings, the largest lender by total assets in Southeast Asia, struck a brave front on Monday as he accounted for his…

Singapore’s bank DBS third-quarter net profit rises 18% on-year

[ad_1] SINGAPORE, Nov 6 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI) reported on Monday a 18% jump in net profit in the third quarter from a year earlier as…

DBS rents office at 18% discount

[ad_1] DBS rents office at 18% discount  The Star Online [ad_2] Source link

Top Stock Market Highlights of the Week: Singapore Post, US Federal Reserve and DBS Group

[ad_1] Welcome to this week’s edition of top stock market highlights. Singapore Post (SGX: S08) Singapore Post, or SingPost, is expanding its integrated logistics network with the acquisition of Border…

Service outages: Singapore’s Monetary Authority bars DBS from acquiring new business ventures, reducing branch and ATM network sizes for six months | Malay Mail

[ad_1] SINGAPORE, Nov 1 — DBS bank has been barred from acquiring new business ventures by the Monetary Authority of Singapore (MAS) and instructed not to reduce the size of…

Singapore Central Bank acts tough on DBS’ multiple service disruptions

[ad_1] Singapore’s central bank has barred the city-state’s largest lender DBS, which has a strong Asian network, from any new business acquisitions for six months, in response to the bank’s…

MAS bars DBS from new business acquisitions for 6 months after repeated banking service disruptions

[ad_1] SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS’ non-essential IT changes, in response to the bank’s multiple service disruptions this year. “This is to ensure that…

The Big Read: With no foolproof way to prevent banking and e-payment outages, what can businesses and consumers do?

[ad_1] At Woofie, an unmanned thrift store, sales on Oct 14 were lower by an estimated 10 per cent as compared to their usual sales for a Saturday, said co-founder…

‘This is not supposed to happen’: Experts on DBS, Citi outage caused by data centre failure

[ad_1] BACKUPS, RECOVERY PLANS NEEDED The importance of the data centre means that banks always have a backup data centre. Some banks also have two data centres that share the…

Singapore’s central bank tells DBS, Citibank to investigate system outage

[ad_1] Oct 19 (Reuters) – The Monetary Authority of Singapore (MAS) on Thursday told DBS Group Holdings’ (DBSM.SI) unit DBS Bank and Citibank Singapore (C.N) to conduct a thorough investigation…