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Singapore's financial regulator has barred DBS from acquiring new business ventures or reducing the size of its local branch networks for six months. The regulator is pressuring DBS to address and rectify recent online outages. DBS, Singapore's leading bank, is facing a spate of digital banking service outages. The regulator's actions put DBS dividends at risk and may attract the attention of overseas watchdogs. A Singapore electronic payment system backed by DBS has restored its services after intermittent connectivity issues.
A Singapore electronic payment system backed by DBS Group says its services were restored after intermittent connectivity issues https://t.co/xykltssdB0
A Singapore electronic payment system backed by DBS Group says its services were restored after intermittent connectivity issues https://t.co/E5WJaPN32h
A Singapore electronic payment system backed by DBS Group says its services were restored after intermittent connectivity issues https://t.co/QoSRQBMDWo
From @Breakingviews: Following repeated tech fails, Singapore's regulator has banned DBS from activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas, says @anshumandaga https://t.co/p4Q4XVF9c5
From @Breakingviews: Following repeated tech fails, Singapore's regulator has banned DBS from activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas, says @anshumandaga https://t.co/0LnYZchWhD
Singapore’s financial regulator is set to direct DBS Group to take further steps to resolve a spate of digital banking service outages https://t.co/gZJo3soCcL
Singapore’s financial regulator is set to direct DBS Group to take further steps to resolve a spate of digital banking service outages https://t.co/R7I7JosFLr
DBS, Singapore's leading bank, faces pressure to address and rectify the recent 'unacceptable' online outages. Find out more: https://t.co/sgarE0GpZa
BREAKING: Singapore’s financial regulator bars DBS from acquiring new business ventures or reducing the size of its local branch networks for six months, as it steps up efforts to get the lender to resolve a spate of outages https://t.co/9OcyPFOA6O https://t.co/p7WOBQ9MRd