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DBS, Citi restoring banking services following disruptions on Saturday; DBS ATMs all up

Singapore News - DBS Bank and Citibank are progressively restoring their banking services, after scores of their customers could not use their online and mobile services on Saturday afternoon. DBS customers were also reportedly unable to use their cards for physical. Read more at www.tnp.sg

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MAS working with DBS to find cause of PayNow disruption

Regulator also following up on bank's handling of affected customers, transactions. Read more at straitstimes.com.

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Banks should reimburse scam victims, suggests WP s Sylvia Lim; Govt says it may lead to complacency

Holding bank customers responsible for their losses is inadequate and unjust, Ms Lim said. Read more at straitstimes.com.

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Banks in Singapore should reimburse scam victims, says WP s Sylvia Lim

SINGAPORE - Banks in Singapore should be required by law to fully reimburse scam victims, and in a timely manner without much hassle, said Workers' Party (WP) chairman Sylvia Lim. But Minister of State for Trade and Industry Alvin Tan said doing so could erode vigilance and personal responsibility, and lull users into complacency. Ms Lim was making an adjournment.

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Banks should reimburse scam victims, suggests WP s Sylvia Lim; Govt says it may lead to complacency, Latest Singapore News

Singapore News - Banks in Singapore should be required by law to fully reimburse scam victims, and in a timely manner without much hassle, said Workers’ Party chairman Sylvia Lim. But Minister of State for Trade and Industry Alvin Tan said doing so could erode vigilance and personal. Read more at www.tnp.sg

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