The Monetary Authority of Singapore (MAS) has implemented a six-month suspension on non-essential IT changes by DBS Bank Ltd. This measure has been put in place to ensure that the bank prioritizes the restoration of resilience in its digital banking services. By pausing non-essential IT changes, DBS Bank can concentrate its efforts on enhancing the reliability and stability of its digital platforms. This move by MAS highlights the importance of maintaining strong digital banking services and the need for banks to address any vulnerabilities promptly.
HomeDIGITAL ASSETS REGULATORYsingapur_MASMAS Enforces Six-Month Moratorium on Non-Essential Operations at DBS Bank While Bank...