Tag "DBS"
Singapore’s Incumbent Banks: How Are They Stepping Up Their Digital Game?
In December 2020, the Monetary Authority of Singapore (MAS) announced four successful digital bank applications. Out of 14 eligible applicants, the four successful entities – a consortium comprising Singapore Telecommunications Ltd (Singtel) and Grab Holding Inc. (Grab), a consortium of
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DBS First Bank in the Region to Issue Security Token at S$15 Million
DBS announced that it has priced an SGD 15 million digital bond, marking DDEx’s first Security Token Offering (STO) as part of efforts to broaden the suite of products on the DBS Digital Exchange (DDEx). The DBS Digital Bond, which
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DBS, SGX, StanChart and Temasek Tackles Climate Action With Global Carbon Exchange
DBS, Singapore Exchange (SGX), Standard Chartered and Temasek joined forces to take climate action through a joint venture Climate Impact X (CIX) which aims to be a global exchange and marketplace for high-quality carbon credits. CIX will offer distinct platforms
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DBS Launches Asia’s First Bank-Backed Trust Solution for Cryptocurrencies
DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee, the bank’s wholly-owned, licensed trust company, to enable its private banking clients to invest, custodise and manage their digital assets. According to DBS, this offering
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DBS, J.P. Morgan and Temasek to Develop a Blockchain-Based Interbank Payments Platform
DBS, J.P. Morgan and Temasek announced that they will jointly develop a blockchain-based platform for payments, trade and foreign exchange settlement. The company named Partior aims to use blockchain solutions to enable next generation, programmable value transfer for participating banks
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DBS Rolls Out AI-Powered Digital Investment Advisory Feature
All DBS/POSB retail customers can now access a new feature on DBS’ AI-powered financial and retirement planning tool NAV Planner, which will provide specific investment recommendations that are tailored to their investment profile. Head of Financial Planning and Personal Investing,
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DBS First Asian Bank To Transact on AntChain’s Blockchain-Based Trade Financing Platform
Following the official launch of Trusple, AntChain’s international trade and financial services platform, DBS announced that it is the first Asian bank to successfully close a trade financing transaction on the platform, valued at over US$ 40,000. The transaction was
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DBS Enables SMEs to Open Accounts Using Facial Biometrics
DBS is using facial biometrics for online corporate account opening for SMEs to speed up information authentication and verification. This new feature runs on the Government Technology Agency of Singapore’s (GovTech) SingPass Face Verification technology, and DBS claims to be
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DBS Rolls Out Digitalised Audit Confirmation Solution for Corporate and SME Customers
DBS announced that it will be rolling out a digital audit confirmation solution for its corporate and SME customers. According to their media statement, the DBS Audit Confirmation cuts processing time for audit confirmation requests to under 24 hours, as
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DBS Launches Crypto Services With SGX Holding a 10% Stake
DBS announced that it will set up a digital exchange with Singapore Exchange (SGX) holding a 10% stake, enabling investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Crypto trading activities is said to
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