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25-11-2021, 07:38 AM
A problem with DBS Bank's access control servers disrupted its online banking services, including PayNow, for the second day yesterday.
Reacting to the bank's worst outage in more than a decade, the Monetary Authority of Singapore(MAS) said it will consider taking "supervisory action".
"This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures," said Mr Marcus Lim, MAS assistant managing director of banking and insurance.
"MAS will consider appropriate actions following the investigation," he added in a statement yesterday. "MAS expects all financial institutions to have systems and processes to ensure the consistent availability of financial services to their customers."...
Part of an article found in today's The New Paper
Reacting to the bank's worst outage in more than a decade, the Monetary Authority of Singapore(MAS) said it will consider taking "supervisory action".
"This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures," said Mr Marcus Lim, MAS assistant managing director of banking and insurance.
"MAS will consider appropriate actions following the investigation," he added in a statement yesterday. "MAS expects all financial institutions to have systems and processes to ensure the consistent availability of financial services to their customers."...
Part of an article found in today's The New Paper
