DBS China: "Suspension of non-essential IT system changes for six months" will have no impact on existing business and customers

In response to the Monetary Authority of Singapore's announcement of a six-month delay in non-essential IT system changes for DBS Bank, DBS China stated that the measure mainly suspends non-essential technical updates and acquisition of new institutions, and that all existing businesses and customers are not affected. Public information shows that DBS Bank launched a digital exchange in June last year, expanded its encrypted transaction services for customers in September, and launched a digital RMB collection platform in July this year.