Tag "DBS Bank"

Calm Down, Grab Isn’t Trying to Become a Bank—Not in the Way You’re Thinking, at Least

Followers of this page are well aware that Grab, one of Singapore’s premier unicorns, has dabbled in many different areas of fintech-fuelled offerings in its drive to become what it self-describes as a “super app”. Most recently though, it seems

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Banks and Corporates Need to Rethink How They Approach Innovation—Again

Innovate or die. This is a common rallying cry in this era of Silicon Valley and agile tech startups, and the banking industry is not excluded from this narrative. Fintechs grow ever popular, with their on-demand services, particularly to those

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With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya

Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash activities

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How DBS and OCBC Global Leadership Shows Singapore’s Success in Open Banking

Singapore’s DBS Bank and OCBC are regional leaders in fintech and pioneers in open banking according reports from Accenture and Innopay Open Banking Monitor. The positioning of these banks gives us a good sense of where Singapore stands in the global

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It’s Not Just the Ride Hailing Fight That’s Begun with Go-Jek’s Entry into Grab’s Hometown

Go-Jek just announced the launch of its beta app in Singapore, which means that Singaporeans will be able to download Go-Jek on Android and iOS stores starting today. Since Uber’s exit of Southeast Asia, this will be a significant competition

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Fintech and Digital Finance Innovation Initiatives of Banks in Singapore

Fintech has become one of the key drivers of innovation in the financial services industry. In Singapore, the Monetary Authority of Singapore (MAS) was quick to realize the potential of fintech, acting swiftly to build up a vibrant ecosystem in

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Singapore Uses AI to Give SMEs Access to International Trade Opportunities

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) are partnering with six private sector partners to create a Proof of Concept hybrid business data and digital solutions hub. The initiative will leverage on Artificial Intelligence (AI)

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Accelerators Aren’t Helping Fintechs, So DBS Banks On Problem Matchmaking Instead

In DBS Bank’s quest to keep up with the ever-evolving fintech trends and stay ahead of its banking contemporaries, they have launched a programme that would play matchmaker between them or their corporate clients’ fintech problems with the right startups

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4 Banks in Asia Pacific That Are Winning Open Banking Adoption

Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s

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DBS Aims to Save 10,000 Manhours Through Whatsapp and WeChat Banking Service

DBS announced the launch of DBS Wealth Chat, a service that will allow DBS’ wealth clients to interact, exchange ideas and transact with their relationship managers via popular instant messaging platforms WhatsApp and WeChat. The bank claims to be the first

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