Tag "DBS Bank"
DBS CEO Piyush Gupta Takes 30% Pay Cut Over Digital Disruptions
In a year marked by remarkable financial achievements juxtaposed with significant challenges, DBS Group reported unprecedented earnings for the full year of 2023. However, the bank also made headlines for its decision to reduce compensation for its senior management, a
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Are Super Apps the Path to Success for Indonesia’s E-Wallets?
In recent years, Asia has seen an explosion in the usage of e-wallets, particularly in Indonesia, where transaction values of 33.4 percent year-on-year (y/y) to IDR 407.53 trillion (approx. US$27.63 billion) in 2022. The popularity of digital wallets has reached such levels
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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MAS Fines Citi, DBS, OCBC, and Swiss Life Following Wirecard Probe
The Monetary Authority of Singapore (MAS) has imposed penalties amounting to S$3.8 million in total on Citibank, DBS Bank, OCBC, and Swiss Life for breaching its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. MAS discovered these breaches
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The Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
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Singapore’s Top 5 Fintech Stories Last Year That Will Impact the Industry in 2023
It is no secret that the fintech industry in Singapore has been flourishing in recent years. This can be attributed to the city-state’s supportive ecosystem, which includes a pro-business government, a highly educated workforce, and a conducive environment for innovation
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Terrascope Partners DBS, ERM, and Workiva to Help Enterprises Decarbonise
Terrascope, a smart carbon measurement and management platform, announced its strategic partnerships with DBS Bank, ERM, and Workiva in its ecosystem, offering end-to-end decarbonisation solutions for large enterprises yesterday. Real economy stakeholders, financial institutions, reporting platforms, and sustainability consultants will
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DBS Rolls Out BNPL Payments for Credit Card Users With Mastercard and Pine Labs
Mastercard, DBS Bank and Pine Labs have partnered to launch ‘Mastercard Installments with Pine Labs”, enabling DBS/POSB credit cardholders to access Buy Now, Pay Later (BNPL) offers at checkout across a variety of merchants. DBS is the first regional issuer
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DBS, Fave and Singtel Partners to Offer More Cashback to Their Customers
Fave, a fintech platform providing QR payments to restaurants and retailers, has announced a collaboration with DBS Bank and Singtel Dash to offer Singaporeans “more secure digital payment options”. DBS PayLah! and Singtel Dash users can transact digitally via the
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Infor Partners DBS Bank For Digital Trade Financing
Infor, a cloud software company, is partnering with DBS Bank to integrate digital trade financing capabilities into the its global network of more than 68,000 businesses. Their first joint program recently went live with one of the world’s largest global
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