Tag "DBS Bank"
Contour and DBS Ties up in a Push for Blockchain Trade Finance
Contour, the blockchain trade finance network that’s formerly known as Voltron has partnered with DBS Bank to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing
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Singapore’s New Digital Trade Platform Sees First Transaction from DBS and Audi
Advancing Singapore’s trade digitalisation agenda, DBS Bank, in collaboration with Audi Singapore (Audi) and Audi’s local distributor, Premium Automobiles (Premium), completed the first trade financing transaction on Singapore’s Networked Trade Platform (NTP). The inaugural trade relates to a SGD3.5 million
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DBS’ Singapore Country Head Appointed to NETS Board
NETS, Singapore’s payment services group, announced that Mr Shee Tse Koon, Singapore Country Head at DBS Bank, has been appointed to its Board of Directors. Mr Shee’s appointment took effect on 13 August 2019. Mr Shee has 25 years of
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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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