Tag "DBS"
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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DBS Makes Radical Shifts To Adapt to The Future of Work
DBS announced that it will be rolling out a series of initiatives to adapt to the future of work by addressing the massive changes brought about by COVID-19. These initiatives are a result of insights gathered from research, deep-dive experiments
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DBS Pilots Online Tracking for Cross-Border Collections for Businesses
DBS Bank has launched real-time online tracking of cross-border collections for its global corporate clients. Powered by SWIFT Global Payments Innovation (gpi), more than 240,000 DBS corporate and SME clients in Singapore and Hong Kong are said to benefit from
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DBS Advocates for Women Technologists With Its First-Ever Virtual Career Fair
DBS announced that it will be hosting its inaugural women-focused virtual career fair for technologists in October to fill over 50 technology jobs in Singapore. This comes as the bank seeks to grow its pipeline of female technology talent, and
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DBS and SC Led Industry Workgroup to Develop Blockchain-Powered Trade Finance Registry
DBS and Standard Chartered jointly led a workgroup of 12 other banks to create and conduct a digital Trade Finance Registry (TFR) proof of concept (POC) to enhance lending practices and improve transparency in commodity trade. Supported by Enterprise Singapore
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Redefining Finance for Good: How DBS Responded to the Pandemic
The COVID-19 pandemic has no doubt shifted consumer behaviours dramatically, pushing businesses from across sectors to adapt to these new changes. Banks are similarly impacted by these changes as well. In partnership with Finastra, we’re running a series of interviews
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DBS Launches New Digital Tools for Retirement Planning
DBS announced today the launch of a digital solution called “Map Your Money” which features an interactive dashboard whic can project a customer’s future retirement needs based on their current finances. Alongside the new tool, DBS is also introducing a
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