World News@lemmy.worldEnglish · 1 year ago

Singapore Makes Its Largest Bank Take a Technology Timeout

www.wsj.com

Singapore Makes Its Largest Bank Take a Technology Timeout

www.wsj.com

YoBuckStopsHere@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

The city-state’s top financial regulator has lost patience with DBS Group after repeated digital-banking service disruptions.

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1 year ago
Here’s the official notice from the Monetary Authority of Singapore.

https://www.mas.gov.sg/news/media-releases/2023/mas-imposes-six-month-pause-on-dbs

This is a humiliating order - I’ve never seen anything like this in 20+ years in Singapore.

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