OCBC Faces Digital Banking Service Disruption in Singapore

In summary, OCBC’s digital banking services, including the Funds Transfer feature, faced intermittent technical issues, leading to inconvenience for customers. The bank is actively resolving the problem and has advised customers to explore alternative payment methods like credit cards and NETs. This incident underscores the importance of reliable digital banking services and effective issue resolution. Transparent communication from OCBC during such disruptions is essential for maintaining customer trust.

Bank of Ireland posts highest profit in more than a decade

Bank of Ireland (BIRG.I) on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it plans to return of 104 million euros ($116 million) to shareholders through dividends and buybacks.