Today, the online banking service of Singapore’s DBS Bank collapsed around 5 pm Thai time and was rectified within 3 hours. This issue arose following the Monetary Authority of Singapore (MAS) lifting a system lockdown feature for the bank to address stability issues.
In addition to DBS’ own system, the postal banking system of Singapore, POSB, also went down simultaneously. The bank advised customers to use credit or debit cards and even withdraw cash from ATMs beforehand.
DBS customers expressed various grievances, such as criticizing the CEO who received a salary of over 10 million Singapore dollars last year, despite a 27% reduction.
Source – DBS
TLDR: DBS Bank’s online service in Singapore experienced a temporary outage, which also affected the postal banking system, leading to customer dissatisfaction with CEO’s high salary.
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