Tag "DBS"
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 11:50pm on Wednesday (27 September). In a series of Facebook updates, DBS provided
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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 Businesses for Impact supported by the DBS Foundation to address this. Karen Ngui,
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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 and catalyse social impact. The funds will primarily go towards programmes that aim
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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 Financial Services Centre (IFSC), offering a conducive regulatory environment, tax benefits, and other
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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 Activation Workshops. These workshops which DBS has been organising since December last year
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the
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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 banks have been sluggish to modernise in the past, this recent digital transformation
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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 share with one another, information on customers who exhibit multiple “red flags” that
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DBS Mulling Dubai Expansion to Scale up Middle East Presence, Says Piyush Gupta
DBS Bank’s CEO Piyush Gupta said that the financial firm is mulling expansion plans in Dubai, according to a Bloomberg report detailing his interview with Yousef Gamal El-Din at the Dubai Fintech Summit. He added that the bank is “revisiting
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MAS Slaps DBS with S$1.6B Additional Cap Requirement Due to Consecutive Disruptions
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank following two consecutive disruptions of its services in just over a month. Along with the additional capital requirement of S$930 million imposed on DBS in
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