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Bank outages: Are there gaps in the system?
Manage episode 381023204 series 2746641
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.
See omnystudio.com/listener for privacy information.
Chapters
1. Bank outages: Are there gaps in the system? (00:00:00)
2. How interlinked is the banking infrastructure (00:02:10)
3. Potential solution during bank outage (00:02:53)
4. How data centres are linked to banks (00:06:42)
5. Should data centres always work flawlessly? (00:11:50)
6. Ways to minimise risks (00:15:16)
7. Time to review critical infrastructure? (00:22:35)
103 episodes
Manage episode 381023204 series 2746641
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.
See omnystudio.com/listener for privacy information.
Chapters
1. Bank outages: Are there gaps in the system? (00:00:00)
2. How interlinked is the banking infrastructure (00:02:10)
3. Potential solution during bank outage (00:02:53)
4. How data centres are linked to banks (00:06:42)
5. Should data centres always work flawlessly? (00:11:50)
6. Ways to minimise risks (00:15:16)
7. Time to review critical infrastructure? (00:22:35)
103 episodes
All episodes
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