Tag "DBS"

Anti-Scam Centre and DBS Bank Recover Over S$170,000 in Tech Support Scam

Singapore’s Anti-Scam Centre (ASC) and DBS Bank have successfully recovered more than S$170,000 lost in a technical support scam. The victim, a 70-year-old woman, was using her computer when she saw a pop-up alert prompting her to call a “Microsoft” hotline number

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Ping An Tech Leader Eugene Huang Joins DBS Group as CIO

DBS Group has announced the appointment of Eugene Huang as its new Chief Information Officer (CIO), effective from 10 May 2024. Huang, an experienced technologist with more than three decades of experience in the technology and banking sectors, will join

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MAS Ensures DBS Addresses Root Causes of Recent Online Banking Disruptions

The Monetary Authority of Singapore (MAS) has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services. The regulator is ensuring that DBS addresses these issues effectively, as reported by The Straits Times. Despite

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DBS CEO Piyush Gupta Sells Shares Worth Over S$2.67 Million

Piyush Gupta, CEO of DBS Group Holdings, has sold 75,000 shares of the company, fetching a price of S$35.74 per share, according to recent filings on the Singapore Exchange. Before this transaction, Gupta’s holdings included 2,790,053 ordinary voting shares, equivalent

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Latest DBS Disruption Raises Questions Despite End of MAS Restriction

DBS Bank has announced the restoration of its digital banking services after a temporary disruption that affected its DBS/POSB digibank Online and Mobile platforms, as well as DBS PayLah!. The services resumed normal operations in less than 2 hours between

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MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement

The Monetary Authority of Singapore (MAS) has declared it will not extend the six-month restriction previously placed on DBS Bank. The pause, which spanned from 1 November 2023, to 30 April 2024, aimed to focus the bank on enhancing the

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Financial Sector Dominates LinkedIn’s ‘Best Workplaces’ in Singapore

LinkedIn has released its Top Companies list for 2024, identifying the 15 best workplaces for career growth in Singapore. Financial institutions dominate this year’s rankings, emphasizing the sector’s focus on employee experience and adaptability in integrating artificial intelligence. The analysis,

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Money Lock Safeguarded S$6.6B Across Over 78,000 Singapore Accounts

Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in November, over 78,000 accounts have been established with more than S$6.6 billion of savings securely set aside as of March 2024.

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IFC, DBS Address Trade Finance Gap with US$500 Million Programme

The International Finance Corporation (IFC) and DBS Bank have unveiled a US$500 million financial initiative aimed at enhancing trade in emerging markets. This collaborative effort is part of IFC’s Global Trade Liquidity Programme (GTLP) and seeks to increase capital and

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COSMIC Platform Goes Live in Singapore to Combat Financial Crime

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The system, which became operational today

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