Tag "DBS"

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

MAS Green Lights DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, announced that it has received formal approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 to provide digital payment token services as a Major Payment Institution.

Read More

DBS Set to Hire Tech Talent to Bolster AI, Blockchain Capabilities Through Hack2Hire

DBS plans to hire around 150 of Singapore’s top technology talent through its Hack2Hire hackathon to bolster its AI and blockchain capabilities. Following a year-long hiatus due to Covid-19, DBS Hack2Hire will enable candidates to meet like-minded technologists and participate

Read More

MAS Set to License DBS’ Brokerage Arm for Digital Payment Token Services

DBS Vickers (DBSV), the brokerage arm of DBS Bank, has received in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide digital payment token services. DBSV is one of the first few financial

Read More

DBS and Temasek Launches US$500 Million Debt Financing Platform for Tech Startups

DBS and Temasek announced that they have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform called EvolutionX Debt Capital. Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across

Read More

Singapore’s Incumbent Banks: How Are They Stepping Up Their Digital Game?

In December 2020, the Monetary Authority of Singapore (MAS) announced four successful digital bank applications. Out of 14 eligible applicants, the four successful entities – a consortium comprising Singapore Telecommunications Ltd (Singtel) and Grab Holding Inc. (Grab), a consortium of

Read More