Singapore Says 2.5m Transactions Failed in DBS, Citi Outage
- MAS punished DBS last week after multiple service disruptions
- Singapore studying how to strengthen data center resilience
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About 2.5 million Singapore payment and ATM transactions couldn’t be completed during DBS Group Holdings Ltd and Citigroup Inc.’s recent outage, causing widespread inconvenience to the city-state’s population of almost 6 million.
Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct. 14 disruption due to a data center malfunction, Minister of State Alvin Tan said in response to parliamentary questions Monday. Services had only fully recovered in the early hours of Oct. 15.