A timeline of DBS’ recent banking glitches
May 2, 2024: From around 5.45 pm to 8 pm, DBS digibank and PayLah! users were unable to login to the banking...
AI lacks judgement to set interest rates, MAS chief says
ARTIFICIAL intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on...
MAS asks DBS to identify root cause of May 2 glitch in digital banking services
THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS over the root cause...
Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering rules
WEALTH and fund management company Swiss-Asia Financial Services (SAFS) was issued a composition penalty of S$2.5 million for breaching the Monetary Authority...
Chee Hong Tat to join MAS board of directors
MINISTER for Transport and Second Minister for Finance Chee Hong Tat has been appointed to the board of the Monetary Authority of...
DBS can resume non-essential activities, but 1.8 times multiplier on its assets stays
A TEMPORARY restriction on DBS Bank from undertaking non-essential activities is over.
Singapore’s growth should strengthen to ‘around potential rate’, output gap to close by end-2024: MAS
SINGAPORE’S growth should strengthen to “around its potential rate” for 2024 as a whole, the Monetary Authority of Singapore (MAS) said on...
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
SINGAPORE-BASED fintech startup Qashier was granted in-principle approval for a major payment institution licence by the Monetary Authority of Singapore (MAS).
This...
MAS issues 12-year prohibition order against former Manulife representative for cheating
THE Monetary Authority of Singapore (MAS) on Monday (Apr 22) said it issued a 12-year prohibition order against a former Manulife representative...
High on awareness, low on volume: MAS’ Gillian Tan on blended finance
ASIAN philanthropists need to put more “risk-tolerant” money behind the region’s green ambitions, especially in support of blended finance, said the Monetary...