Singaporean multinational bank DBS said on Wednesday (March 29) that access to its digital banking services became intermittent after an outage earlier in the day left customers unable to use its web and mobile banking platforms. Taking to Facebook, DBS said that clients using its digital services- — digibank Online and Mobile, PayLah! - might experience some slowness during login.&nbsp;

"Please be assured that your deposits and monies are safe and secure. We are sorry for the inconvenience caused," the Facebook post added.&nbsp;

According to Downdetector, the access disruption at the Singaporean bank started around 7 am local time on Wednesday.&nbsp;

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Earlier in the day, DBS said on Facebook that access to its digital services was unavailable, adding that the bank was resolving the issue and would update as soon as services were recovered.&nbsp;

"Customers can continue to use their DBS/POSB cards for transactions. Please be assured that our systems remain secure and uncompromised," the bank added.

According to a report by the news agency Bloomberg, Wednesday's incident was reminiscent of an outage DBS suffered in 2021 — one of its worst digital disruptions in the last decade.&nbsp;

The Monetary Authority of Singapore (MAS) ordered the bank to set aside more capital after that&nbsp;earlier outage left thousands of customers unable to log on to its digital platforms for at least two days. Those issues stemmed from the bank’s access control services.&nbsp;

Earlier this week, DBS had said that the MAS asked the bank to validate the bank’s remedial actions about the 2021 event by July this year, Bloomberg reported on Wednesday.&nbsp;

Under the MAS regulations, financial institutions need to ensure that the maximum unscheduled downtime for each critical system doesn’t exceed four hours within any period of 12 months.

(With inputs from agencies)

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Singaporean multinational bank DBS said on Wednesday (March 29) that access to its digital banking services became intermittent after an outage earlier in the day left customers unable to use its web and mobile banking platforms.

Singaporean multinational bank DBS said on Wednesday (March 29) that access to its digital banking services became intermittent after an outage earlier in the day left customers unable to use its web and mobile banking platforms. Taking to Facebook, DBS said that clients using its digital services- — digibank Online and Mobile, PayLah! - might experience some slowness during login. "Please be assured that your deposits and monies are safe and secure. We are sorry for the inconvenience caused," the Facebook post added. According to Downdetector, the access disruption at the Singaporean bank started around 7 am local time on Wednesday. ALSO READ | Alibaba undergoes 'transformation,' will split into six individual units Earlier in the day, DBS said on Facebook that access to its digital services was unavailable, adding that the bank was resolving the issue and would update as soon as services were recovered. "Customers can continue to use their DBS/POSB cards for transactions. Please be assured that our systems remain secure and uncompromised," the bank added. According to a report by the news agency Bloomberg, Wednesday's incident was reminiscent of an outage DBS suffered in 2021 — one of its worst digital disruptions in the last decade. The Monetary Authority of Singapore (MAS) ordered the bank to set aside more capital after that earlier outage left thousands of customers unable to log on to its digital platforms for at least two days. Those issues stemmed from the bank’s access control services. Earlier this week, DBS had said that the MAS asked the bank to validate the bank’s remedial actions about the 2021 event by July this year, Bloomberg reported on Wednesday. Under the MAS regulations, financial institutions need to ensure that the maximum unscheduled downtime for each critical system doesn’t exceed four hours within any period of 12 months. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Singapore banking giant DBS says digital services 'intermittent' after outage

Singapore&#39;s number 3 lender,&nbsp;United Overseas Bank (UOB),&nbsp;has suspended its loans programme for London properties in the wake of uncertainties caused by Britain&#39;s vote to leave the European Union. 
 
UOB would be among the first banks in Singapore to turn cautious on such lending, even though it is not a large amount, as Brexit spooked global markets and pushed the pound to multi-year lows. 
 
&quot;We will temporarily stop receiving foreign property loan applications for London properties,&quot; a UOB spokeswoman said in an email. 
 
&quot;As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments.&quot; 
 
Singapore&#39;s biggest lender, DBS Group Holdings, said it continued to provide financing for property purchases in London but was advising its customers to be cautious. 
 
&quot;For customers interested in buying properties in London, we would advise them to assess the situation carefully before committing to their purchases as there could be potential foreign exchange and sovereign risks,&quot; Tok Geok Peng, executive director of secured lending, consumer banking group (Singapore) at DBS Bank, said in an email. 
 
The Singapore dollar has gained about 10 per cent against the British Pound since the referendum. 
 
&quot;There have been London properties available for the last few months before the Brexit. The question is whether these properties can still continue to receive buyers in the short-term,&quot; said Alice Tan, head of consultancy and research at Knight Frank Singapore. 
 
Property consultants say data on the number of properties purchased by Singaporeans in the United Kingdom is not tracked that closely. Banks do not disclose lending data for UK property purchases. 
 
UOB said it was monitoring the market environment closely and would review it regularly to determine when it could resume its property loan offering. 
 
UOB runs an international property loans programme that also covers properties in Australia, Japan, Thailand, Malaysia and Singapore, according to its website. 
 
(Reuters)

The country's biggest lender, DBS Group Holdings, said it continued to provide financing but was advising customers to be cautious

Singapore's number 3 lender, United Overseas Bank (UOB), has suspended its loans programme for London properties in the wake of uncertainties caused by Britain's vote to leave the European Union. UOB would be among the first banks in Singapore to turn cautious on such lending, even though it is not a large amount, as Brexit spooked global markets and pushed the pound to multi-year lows. "We will temporarily stop receiving foreign property loan applications for London properties," a UOB spokeswoman said in an email. "As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments." Singapore's biggest lender, DBS Group Holdings, said it continued to provide financing for property purchases in London but was advising its customers to be cautious. "For customers interested in buying properties in London, we would advise them to assess the situation carefully before committing to their purchases as there could be potential foreign exchange and sovereign risks," Tok Geok Peng, executive director of secured lending, consumer banking group (Singapore) at DBS Bank, said in an email. The Singapore dollar has gained about 10 per cent against the British Pound since the referendum. "There have been London properties available for the last few months before the Brexit. The question is whether these properties can still continue to receive buyers in the short-term," said Alice Tan, head of consultancy and research at Knight Frank Singapore. Property consultants say data on the number of properties purchased by Singaporeans in the United Kingdom is not tracked that closely. Banks do not disclose lending data for UK property purchases. UOB said it was monitoring the market environment closely and would review it regularly to determine when it could resume its property loan offering. UOB runs an international property loans programme that also covers properties in Australia, Japan, Thailand, Malaysia and Singapore, according to its website. (Reuters)

Singapore's no. 3 lender suspends London property loans post-Brexit

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Singapore banking giant DBS says digital services 'intermittent' after outage

Singapore's no. 3 lender suspends London property loans post-Brexit