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Live Sgp
SINGAPORE, May 2 (Reuters) - Singapore's DBS Group said
its online and mobile banking services had returned to normal after suffering issues
for more than an hour on Thursday evening.
The disruptions came two days after the country's central bank lifted a six-month ban on DBS over similar
digital disruptions in 2023.
"Services on DBS/POSB digibank Online and Mobile have returned to normal as of 20:00, 2 May 2024," the biggest bank in Singapore said in a post on its Facebook.
In earlier post at 18:54 Singapore time, DBS said it was aware
that its customers were experiencing issues with its online and mobile banking services and
it had identified the issue and activated measures to recover the services.
On Tuesday, Singapore's central bank ended DBS's six-month pause from acquiring new businesses or
making non-essential IT changes after DBS addressed problems that had disrupted its digital
banking services last year.
DBS separately cut its CEO Piyush Gupta's pay by S$4.1 million ($3.02 million)
in 2023, penalising him for last year's digital banking
disruptions.
Earlier on Thursday, DBS, which is also Southeast Asia's biggest bank, reported first-quarter results
that trumped expectations with broad-based growth and said it expected
net profit to exceed last year's record result.
($1 = 1.3585 Singapore dollars) (Reporting by Yantoultra Ngui; Editing by Alison Williams) -
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