Tag "DBS"
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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DBS PayLah! Users Redeemed More Than 1 Million Meal Subsidies in Less Than 3 Months
More than one million hawker meal subsidies have been redeemed by Singapore residents in less than three months since DBS rolled out its ‘5 Million Hawker Meals’ scheme. DBS offered cashbacks of up to SGD 3 to the first 100,000
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IFC Proposes US$250m Investment in Singapore’s DBS
The International Finance Corporation (IFC), a World Bank Group member, revealed in a disclosure that it plans to invest up to US$250 million in DBS, the leading Singapore-based financial services group. The IFC proposed investment involves a 50-50 equal risk-sharing
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LinkedIn Ranked DBS, StanChart, Grab as Best Workplaces to Grow a Career in Singapore
LinkedIn, a business and employment-focused social media platform, has ranked DBS Bank as the best workplace to grow a career in Singapore. The 3rd annual LinkedIn Top Companies also featured other financial institutions including Standard Chartered Bank, Mastercard, Citi, Grab,
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DBS’ CEO Piyush Apologises for ‘Embarrassing’ Disruption, Sets up Committee to Investigate
DBS Bank has set up a special board committee with immediate effect to conduct a full and detailed investigation on the digital disruption that it had faced last Wednesday (29 March). This was announced by DBS’ Chairman Peter Seah during
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MAS: DBS’ Service Disruption ‘Unacceptable’, Bank Fell Short of Expectations
The Monetary Authority of Singapore (MAS) said that the disruption of DBS’ digital services yesterday is unacceptable especially since the bank experienced a similar incident in November 2021. MAS added that it takes “seriously the reliability of banks’ critical IT
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DBS Experiences digibank and PayLah! Service Disruption
DBS Bank announced that its access to its digital services including the digibank Online as well as Mobile, PayLah! is currently unavailable in a Facebook post at 10.20am today. While these services are down, the bank said that customers can
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DBS, Heritas Capital Raises Over US$20 Million for First Close of Asia Impact First Fund
DBS and Singapore-based investment company Heritas Capital announced the first close of the Asia Impact First Fund (AIFF) with over US$20 million raised to support innovative and high-growth social enterprises in the region. The fund was led by anchor investor
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DBS, OCBC and UOB Carve Out a Place on the Sustainability Perceptions Index
DBS Group, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) were the three Singapore banks that managed to snag a place on the Brand Finance Sustainability Perceptions Index. The study, which was released in association with the International Advertising
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DBS Digital Exchange Doubled Customer Base With 80% Surge in Bitcoin Trading
The DBS Digital Exchange (DDEx) reported that its Bitcoin (BTC) trading volume had grown by 80% in 2022 despite the ongoing crypto winter. DDEx had also doubled its customer base in 2022 with close to 1,200 participants registered on the
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