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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Google set to bring ads in search AI Overviews
AI startup Anthropic hires Airbnb veteran Krishna Rao as first CFO
Apple says US antitrust lawsuit should be dismissed
Microsoft promotes new tools for making AI software
Explainer-What are AI PCs?
Comcast prices Peacock, Netflix, Apple TV+ streaming bundle at $15 a month
Actors union backs Scarlett Johansson after claim of voice misuse by OpenAI
Disney's Pixar Animation to lay off about 14% of workforce
Micron lifts 2024 capex forecast on rising investment in AI-related chips
Amazon's cloud unit pauses orders of Nvidia's most powerful chip, FT reports

Others Also Read