Tag: DBS
Malaysia’s KWAP Gets S$180M Green Loan from DBS for Aussie Office Refinancing
DBS Bank has provided a green loan of AUD 207 million (S$180 million) to Malaysia’s Retirement Fund (KWAP). The loan is designated for refinancing a high-grade green [more…]
810,000 Failed Logins, 2.5M Transactions Affected by DBS and Citi’s Service Disruption
by Fintech News Singapore November 6, 2023 The impact of the DBS and Citibank digital banking disruption on 14 October was wide, with up to 810,000 attempts [more…]
DBS and SkillsFuture Singapore to Help SMEs Build Sustainability Skills
DBS Bank and SkillsFuture Singapore (SSG) have announced a new two-year partnership to help small and medium enterprises (SMEs) develop sustainability skills. The partnership will see DBS [more…]
DBS Resolves PayNow Transaction Delays
DBS Bank has announced that all FAST/PayNow transactions affected by the delay on Tuesday (26 September) have been processed and transaction histories have been updated as of [more…]
DBS Launches Gamified Metaverse to Raise Awareness on Food Waste
DBS has unveiled a gamified metaverse experience called DBS BetterWorld, which aims to raise awareness of the global food waste challenge and showcase the work done by [more…]
DBS Pledges SGD 1 Billion to Help Vulnerable Communities
DBS has pledged to set aside up to SGD 1 billion over the next 10 years in an effort to step up its support for vulnerable communities [more…]
DBS Targets US$1B in First Year of Operations at GIFT City in India
DBS Bank has inaugurated its IFSC Banking Unit (IBU) in the Gujarat International Finance Tec-City (GIFT City) at Gandhinagar in India. GIFT City houses India’s first International [more…]
Corporates Are Spoiled for Choice When It Comes to Cash Pooling
Cash pools are arrangements mostly used by multinational groups to optimise cash and liquidity management and reduce reliance on external funding and associated funding costs. There are [more…]
DBS Equips 1,800 of Its Relationship Managers With Sustainable Financing Skills
DBS has upskilled over 1,600 institutional banking relationship managers (RMs) and 170 credit risk managers (CRMs) to deepen their knowledge in sustainable financing practices through specialised Climate [more…]
DBS Launches CBDC Merchant Collection Solution in China
DBS has launched a new solution that allows merchants in China to collect payments using e-CNY, the country’s central bank digital currency (CBDC). The banking giant has [more…]
DBS H.K. looks to tech to increase offshore accounts
Isaac Kong of DBS’s consumer bank wants to solve digital onboarding for offshore and wealth accounts. The post DBS H.K. looks to tech to increase offshore accounts [more…]
Are Major Banks in Singapore Realising Their Digital Transformation Agendas?
Singapore, renowned as a financial hub and the prominent digital economy in Southeast Asia, is spearheading digital transformation in financial services, including its incumbent banks. While traditional [more…]
Singapore Passes MAS’ Bill on ‘COSMIC’ to Gather Info on “Red Flag” Customers
The Singapore parliament has passed the Monetary Authority of Singapore’s (MAS) bill to establish the COSMIC platform. COSMIC is a secure digital platform for financial institutions to [more…]
DBS PayLah! Users Redeemed More Than 1 Million Meal Subsidies in Less Than 3 Months
More than one million hawker meal subsidies have been redeemed by Singapore residents in less than three months since DBS rolled out its ‘5 Million Hawker Meals’ [more…]
LinkedIn Ranked DBS, StanChart, Grab as Best Workplaces to Grow a Career in Singapore
LinkedIn, a business and employment-focused social media platform, has ranked DBS Bank as the best workplace to grow a career in Singapore. The 3rd annual LinkedIn Top [more…]
MAS: DBS’ Service Disruption ‘Unacceptable’, Bank Fell Short of Expectations
The Monetary Authority of Singapore (MAS) said that the disruption of DBS’ digital services yesterday is unacceptable especially since the bank experienced a similar incident in November [more…]
DBS Experiences digibank and PayLah! Service Disruption
DBS Bank announced that its access to its digital services including the digibank Online as well as Mobile, PayLah! is currently unavailable in a Facebook post at [more…]
DBS, Heritas Capital Raises Over US$20 Million for First Close of Asia Impact First Fund
DBS and Singapore-based investment company Heritas Capital announced the first close of the Asia Impact First Fund (AIFF) with over US$20 million raised to support innovative and [more…]
DBS, OCBC and UOB Carve Out a Place on the Sustainability Perceptions Index
DBS Group, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) were the three Singapore banks that managed to snag a place on the Brand Finance Sustainability [more…]
DBS Digital Exchange Doubled Customer Base With 80% Surge in Bitcoin Trading
The DBS Digital Exchange (DDEx) reported that its Bitcoin (BTC) trading volume had grown by 80% in 2022 despite the ongoing crypto winter. DDEx had also doubled [more…]
Harvard Business School Publishes Case Study on DBS’ Digital Transformation
Harvard Business School (HBS) has published a case study focused on DBS Bank‘s digital transformation journey which was put together over a span of 15 months. The [more…]
