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Singapore’s leading banks, DBS Group Holdings Ltd. and Citigroup Inc., experienced a service disruption that left their customers without access to essential banking facilities for several hours. The disruption occurred due to an issue at a shared data center, causing payment services and online transactions to be temporarily unavailable. DisruptionContinue Reading

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Singapore – In response to the growing concern over rampant payment and transfer scams, Singaporean officials have announced plans to introduce a split liability scheme that will hold both consumers and banks accountable for financial losses resulting from scams. This move aims to address a pressing question in the digitalContinue Reading