Outgoing DBS chief executive Piyush Gupta would have done things differently if he were given another chance to build the bank's technology capabilities.
Mr Gupta's 15-year tenure as head honcho saw DBS go all in to develop tech systems that transformed much of the bank's operations.
DBS, South-east Asia's largest bank, started its digital transformation in 2014, the same year it launched its PayLah! mobile wallet, that has since found a home in the smartphones of many customers. This was followed by other milestones, such as eliminating physical tokens for corporate transactions.
But the bank has also had several disruptions in recent years, including a two-day outage to its digital banking services in November 2021.
Those seemed uppermost in Mr Gupta's mind when he told the Singapore FinTech Festival on Nov 7 that in regard to digital capabilities: "I did not actually think enough, and hard enough, about the operational complexity that comes with a distributed microservice architecture".
In microservices, software is composed of independent units that communicate with one another.
Denne historien er fra November 08, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 08, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Star producer of NewJeans quits after legal spat with BTS agency
The South Korean super-producer behind the chart-topping girl group NewJeans resigned from her label on Nov 20, following a protracted legal battle with Hybe that has rocked the country's K-pop industry.
One Direction stars attend Liam Payne's funeral in UK
Family and friends of One Direction star Liam Payne, who died in October after falling from a Buenos Aires hotel room, gathered for his funeral in Britain on Nov 20.
Composer A.R. Rahman and wife separate after 29 years of marriage
Oscar-winning composer A.R. Rahman and his wife, Saira, have announced their decision to part ways after nearly 30 years of marriage.
Audemars Piguet joins hands with Kaws for groovy new drop
Audemars Piguet has teamed up with contemporary American artist Brian Donnelly - better known by his pseudonym Kaws - to create the Royal Oak Concept Tourbillon Companion, a 43mm titanium horological knockout which groovily fuses high watchmaking and pop art.
LOCAL DESIGNERS GET WICKED
Singapore fashion designers have created clothes and accessories in a Wicked collaboration between Design Orchard and NBCUniversal
Captain America excited to flaunt new powers
No serum? No problem. New Captain America Anthony Mackie goes on a different flight path in upcoming movie
SBA RESHUFFLE NETS KIM
S. Korea's ex-Asiad champ will become Singapore women's singles head coach
Yeo targets top-l O spot after maiden win over Sindhu
As far as giants go, they do not come taller in the badminton women's singles circuit than India's 1.79m P. V. Sindhu, who has a 2019 world title and an Olympic silver (Rio 2016) and bronze (Tokyo 2020) to match her stature.
Hearing-impaired Audelle, 10, is rising chess star
It was only when Audelle Sim was six years old that her parents found out that she has a hearing impairment.
THE BEST OF CHESS AND MORE
S,pore world c'ship's side events include fan zones with grandmasters and exhibitions
