Tag "DBS"
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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DBS Digital Exchange Reports Robust Growth Since It Went Operational 24/7
DBS Digital Exchange (DDEx) announced that it had recorded over S$600 million in digital assets under custody as at the end of October, triple the amount recorded in the previous month. The exchange has since witnessed robust growth since it
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DBS to Invest S$300 Million Next Year to Step up Its Tech and AI Game
DBS announced that it will invest S$300 million next year to grow the breadth and depth of its digital and intelligent banking capabilities powering all products and solutions for wealth and retail customers. This will also further bolster hyper-personalised experiences
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DBS Emerges as First Bank in Southeast Asia to Join the Hedera Governing Council
DBS Bank has joined the Hedera Governing Council, the group of diverse organisations responsible for stewarding the Hedera network which is a sustainable, enterprise-grade public network for the decentralised economy. As the first and only bank in Southeast Asia to join
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