Singapore's DBS explains digital banking outages amid hefty profits

CEO Piyush Gupta promises multiple fixes following five big recent disruptions

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DBS Group Holdings CEO Piyush Gupta said the bank will hire new tech talent to bolster its systems and make its network more flexible. © Reuters

DYLAN LOH, Nikkei staff writer

TOKYO -- The head of Singapore's DBS Group Holdings, the largest lender by total assets in Southeast Asia, struck a brave front on Monday as he accounted for his company's recent digital banking failures despite its pockets being so full.

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