Tag "DBS"
Manulife and DBS Launch Insurance Starter Plan ‘ProtectFirst’ for Young Singaporeans
Manulife Singapore and DBS Bank announced the launch of their co-developed insurance starter plan, ProtectFirst, designed to help young Singaporeans kickstart their protection journey affordably at a lower premium. Customers can assess their protection gaps via the bank’s digital AI-powered
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DBS Sets up a Board Sustainability Committee to Oversee ESG Matters
DBS announced that it has established a Board Sustainability Committee (BSC) to provide added governance and oversight of material environmental, social and governance (ESG) matters. The bank said in a statement that the move is the first of its kind
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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 Pledges Additional SGD 100 Million to Fund Social Enterprises
DBS announced that it is committing an additional SGD 100 million to the DBS Foundation which will expand its efforts in helping social enterprises and businesses-for-impact to grow. The funds will enable these startups to grow from the ideation stage
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DBS Digital Exchange Surpasses SGD 1 Billion in Trading Value in the First Year
The DBS Digital Exchange (DDEx) announced that it has recorded over SGD 1.1 billion in trading value in the first full year of operations. The digital assets exchange said that its momentum picked up significantly after the DDEx went operational
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MAS Orders DBS to Set Aside S$930 Million in Capital Following Major Service Disruption
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank following the disruption of its digital banking services for 2 days. DBS identified a problem with its access control servers which caused the disruption from
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DBS Names Helge Muenkel as Its New Chief Sustainability Officer
DBS Bank has announced the appointment of Helge Muenkel as its new Chief Sustainability Officer with effect from today. He will be succeeding Mikkel Larsen who transitioned into his role as Chief Executive Officer (CEO) at Climate Impact X (CIX),
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FOMO Pay Joins DBS Digital Exchange for Merchants to Accept Crypto Payments
Singapore-based major payment institution FOMO Pay announced that it will be joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay was recently granted a Digital Payment Token (DPT) Service license by the Monetary Authority of Singapore (MAS)
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MAS Mulls Supervisory Actions Following DBS’ Two-Days Service Disruption
The Monetary Authority of Singapore said that it will consider appropriate supervisory actions after DBS Bank conducts an investigation following the disruption of its digital banking services that lasted for two days. According to Bloomberg’s report, Marcus Lim, Assistant Managing
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DBS’ Mikkel Larsen Formally Appointed as Climate Impact X’s CEO
Climate Impact X (CIX), a global marketplace and exchange for high-quality carbon credits, has announced the appointment of Mikkel Larsen as Chief Executive Officer, effective immediately. He has been acting as Interim CEO for CIX since 20th May 2021. CIX
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