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MAS penalties on DBS won't set the bank back, analysts say

SINGAPORE: The punishment meted out to DBS appears "minor" and not commensurate with the impact of the service disruptions to Singapore's biggest lender, including one where ....

Piyush Gupta , Thilan Wickramasinghe , Lakshmi Vilas Bank , India Lakshmi Vilas Bank , World Bank , National University , Assistant Professor , Finance Ben Charoenwong , Citi Taiwan ,

Nets-related services restored after 'intermittent connectivity issue' during lunch hour, Latest Singapore News

Singapore News - Nets-related services have been restored after being disrupted for about an hour on Friday afternoon. In a Facebook post at 12.25pm, Nets announced that its Nets QR and eNets were facing “intermittent connectivity issues”. Netizens commented on social media. Read more at www.tnp.sg ....

Straits Times ,

DBS chairman Peter Seah says senior management will be held accountable for banking service disruptions

DBS senior management will be held accountable in terms of their "compensation", says the bank's chairman Peter Seah after multiple digital banking disruptions this year. ....

Peter Seah , Monetary Authority Of Singapore , Monetary Authority ,

Singapore must find 'right approach' to decide who takes responsibility for malware scam losses: MAS chief

SINGAPORE  Authorities need to find the “right approach” before malware scams can be included in a proposed framework that determines who is liable for scam losses, Singapore’s central bank chief Ravi Menon said in an interview with CNA. ....

Ravi Menon , Infocomm Media Development Authority , Monetary Authority Of Singapore , Monetary Authority , Singapore Fintech Festival , Bank Scam ,