The regulator highlighted that there are deficiencies in DBS Bank’s incident management and recovery procedures to restore its digital banking services to a normal state, resulting in the prolonged duration of the disruption. The regulator said: MAS noted deficiencies in DBS Bank’s incident management and recovery procedures to restore its digital banking services to a…
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DBS Bank and Singapore Exchange (SGX) have announced a three-year collaboration to provide retail investors with the knowledge, skills and tools to aid financial decision-making and kick-start their investment journey. Targeted at NIBIs (Not Invested But Interested), the “FLY with DBS and SGX” collaboration will leverage DBS’ data-driven approach for a seamless and customised learning…
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The Securities and Futures Commission (SFC) announced that it has banned Mr Chan Wai Nun, a former investment counsellor of DBS Bank (Hong Kong) Limited (DBSHK), from re-entering the industry for six months from 19 January 2018 to 18 July 2018 for transferring client data out of DBSHK prior to his departure from DBSHK to…
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DBS Bank and Xero, a global cloud accounting platform, announced a strategic partnership to transform the way SMEs in Singapore manage their financials and access capital. The partnership is centered on several aspects including aligning both parties’ technology platforms to ultimately enable SMEs to make payments and apply for loans seamlessly, transforming how SMEs manage…
Read moreSingaporean bank DBS Bank we learned today was sued by a "sophisticated" investor, meaning in this case someone with a lot of assets at hand...or to lose. She claims she was given worthless advice causing her to lose millions. So what exactly was the investment advice given to the woman? Singapore's most widely read newspaper…
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