Singapore’s MAS Asks DBS to Identify Cause of Outages, ST Says
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Singapore’s regulator has asked DBS Group Holdings Ltd. to figure out the root cause of recent disruptions to its internet banking and payment services and deal with it effectively, the Straits Times reported, citing a Monetary Authority of Singapore spokesperson.
DBS online-banking services went down on May 2 after several outages in 2023, days after a six-month ban by the city-state’s central bank over similar glitches ended.