Singapore bank DBS says deposits safe after two-day tech outage


FILE PHOTO: A man walks past DBS signage in Singapore, Oct. 8 2019. REUTERS/Feline Lim/File Photo

SINGAPORE (Reuters) -DBS Group Holdings Ltd, Southeast Asia's largest bank, assured customers on Wednesday that their deposits and monies were safe as its online banking services faced disruption for the second consecutive day.

The disruption, including to its payments app, is the biggest suffered by Singapore's DBS since a major glitch in 2010 left customers unable to withdraw cash from ATMs for hours. That resulted in the bank facing central bank supervisory action.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Global software, data firms slide as AI disruption fears compound jitters over $600 billion capex plans
Amazon shares sink as Big Tech's AI spending plans worry investors
AI is not a bubble, senior executive at Nvidia supplier Wistron says
Huawei-backed Aito teams up with UAE dealer to expand into Middle East
Robotics build path from rural Kenya to world stage
Germany's CDU weighs social media age curbs for under-16s
Uber found liable in rape by driver, setting stage for thousands of trials
Anthropic unveils new AI model as OpenAI rivalry heats up
Japan scouring social media 24 hours a day for abuse of Olympic athletes
Apple is scaling back plans for new AI-based health coach service

Others Also Read