The Monetary Authority of Singapore (MAS) has implemented a six-month suspension on DBS Bank Ltd’s non-essential IT modifications. This measure aims to prioritize the restoration of the bank’s digital banking services’ resilience. By temporarily halting non-essential IT changes, DBS Bank can concentrate on enhancing the reliability and stability of its digital banking offerings. This decision by MAS underscores the importance of maintaining a robust and secure digital banking infrastructure, especially in light of the increasing reliance on online financial services. The pause on non-essential IT changes will enable DBS Bank to focus on ensuring the smooth operation of its digital banking services.
HomeDIGITAL ASSETS REGULATORYsingapur_MASMAS Institutes Temporary Suspension of Non-Essential Activities at DBS Bank to Enhance...