Up to date Nov. 1, 2023 8:15 am ET
Singapore’s prime monetary regulator has misplaced persistence with the city-state’s largest financial institution after repeated disruptions to its digital-banking providers this 12 months.
The Financial Authority of Singapore on Wednesday barred DBS Group from buying new enterprise ventures and making “nonessential” IT modifications for six months, in impact stopping the financial institution from rolling out new know-how initiatives till it proves its programs are so as.
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