Bank outages - Are there gaps in the system? | Heart of the Matter podcast скачать в хорошем качестве

Bank outages - Are there gaps in the system? | Heart of the Matter podcast

The recent DBS and Citibank outage in October left many people unable to pay for their transactions and draw money from the ATMs. What goes on when critical banking infrastructure goes black? How are data centres part of this and should we really revert to carrying cash again? Steven Chia gets answers from Dr Patrick Thng, director of the Master's programme for financial technology and analytics at the Singapore Management University and Ashish Kakar, research director for IDC Financial Insights, Asia Pacific. 00:00 Intro 02:10 How interlinked is the entire digital banking infrastructure 02:53 Potential solution if there's a bank outage 06:42 How are data centres linked to banks 11:50 Is it fair to expect a data centre to work flawlessly 15:16 What can be done to minimise the risks 22:35 Time to review our critical banking infrastructure More Heart of the Matter podcast videos: https://cna.asia/3FFmRLG Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook:   / channelnewsasia   Instagram:   / channelnewsasia   Twitter:   / channelnewsasia   TikTok:   / channelnewsasia