Page 10 - Dbs News Today

"As an acknowledgement that the bank could have done better, senior management will be held accountable, and this will be reflected in their compensation,” says DBS chairman Peter Seah.

Canara Bank is making a strategic move by converting its subsidiary, Canbank Computer Services, into a dedicated credit card unit. This transformation aims to extract greater value from the unsecured line of business, following in the footsteps of financial institutions like SBI Cards and BoB Cards.

Makhtar Diop, managing director of the World Bank’s International Financing Corporation, speaks to The Banker about the implications of the recent partnership agreement signed with other multilateral development banks.

SINGAPORE: A long-awaited date for Ms Nazrana Shaheen with her national serviceman boyfriend ended up being cut short, no thanks to a banking services disruption by DBS

The recent hours-long outage for DBS and Citibank banking and payment services was caused by a technical issue at a data centre. Industry experts weigh in on what happens when critical banking infrastructure goes black.

The recent DBS and Citibank outage in October left many people unable to pay for their transactions and draw money from the ATMs. What goes on when critical banking infrastructure goes black? How are data centres part of this and should we really revert to carrying cash again? Steven Chia gets answers from Dr Patric

A former farm worker from Boston who suffered ‘catastrophic’ damage to his shoulder is to represent Great Britain in a global sports competition in Asia.

Due to ethical, knowledge, cost, and acceptability issues, deep brain stimulation is underutilized in disease states like treatment-resistant schizophrenia.

Most banks have two or more data centres and redundancies at multiple levels if a primary data centre goes offline, industry experts say. 

This comes less than a week after DBS and Citibank were hit by an outage that left online banking and payment services down for hours.