Tag Archives: DBS

DBS launches online car marketplace

Reported by | Updated: August 10, 2017

Singapore’s DBS Bank has launched an online consumer marketplace for sellers and buyers of cars. The DBS Car Marketplace is a joint effort of the bank and sgCarMart and Carro, two popular car sales online portals. This is Singapore’s first online consumer marketplace. A new reform measure by the Monetary Authority of Singapore to streamline […]

DBS completes ANZ unit acquisition

Reported by | Updated: August 8, 2017

DBS Bank said it has completed the migration of ANZ Bank’s wealth management and retail banking business in Singapore. DBS had in October 2016 bought the business in Singapore, Hong Kong, China, Taiwan and Indonesia. DBS said the transaction is progressing well and remains on track for full completion in all remaining markets by early […]

DBS signs up with Amazon

Reported by | Updated: July 29, 2016

DBS Bank has signed up with Amazon Web Services (AWS) to use Amazon’s cloud services. The implementation comes after proof-of-concept experimentation and meets the Monetary Authority of Singapore’s technology risk management guidelines. AWS gives DBS the flexibility to rapidly scale the capacity of its computing grid up or down, without having to make provisions for […]

DBS expanding securities biz to Japan

Reported by | Updated: July 25, 2016

DBS is all set to expand its securities business into Japan by August. The bank, which received a license from Japan’s Financial Services Agency, will establish a securities unit in the country and target institutional investors struggling to make money under negative interest rates. In Japan, DBS sees an opportunity to offer high-quality debt with […]

DBS launches BusinessClass app

Reported by | Updated: July 15, 2016

DBS Bank has announced the release of traditional Chinese (Taiwan) version of the DBS BusinessClass app, a community platform that connects SME owners with new teams to help enterprises gain professional knowledge and share practical experience through online consulting and mutual interaction during the business expansion process, achieving their ambitions for business expansion. An official […]

DBS conferred as world’s best digital bank

Reported by | Updated: July 12, 2016

DBS Bank has been conferred as world’s best digital bank by finance magazine Euromoney at its annual Awards for Excellence. The magazine has also named the bank as Asia’s best bank. Euromoney cited the pervasive nature of DBS’ digital strategy, which has spread across all aspects of the bank, from corporate and consumer banking to […]

DBS to launch Visa payWave metal card

Reported by | Updated: July 9, 2016

DBS Bank is launching metal Visa payWave card as an update to its DBS Insignia Visa Infinite Card. Members of the card – which is available only by invitation – must have an annual income of at least S$500,000. There is also a yearly fee of S$3,000 for brandishing the DBS Insignia Visa Infinite Card. […]

DBS adopting Microsoft’s cloud- based Office 365

Reported by | Updated: June 28, 2016

DBS has introduced Microsoft’s cloud- based productivity tool Microsoft Office 365 to about 1000 local staff as part of a test run. The bank aims to move 22,000 employees across 18 markets over to the tool by the end of 2016. The technology allows staff to work together anywhere, across PCs, tablets and smartphones, using […]

DBS launches India’s first mobile-only bank

Reported by | Updated: April 27, 2016

DBS Bank has launched ‘digibank,’ India’s first mobile-only bank. According to the bank, breaking away from conventional banking norms with their onerous form-filling and cumbersome processes, digibank is a completely paperless, signatureless and branchless bank. It brings together an entire suite of ground-breaking technology – from biometrics to artificial intelligence. Account-opening can be done easily […]

DBS partners with P2P platforms for lending

Reported by | Updated: April 20, 2016

DBS Bank is partnering with two entities involved in peer-to-peer (P2P) lending platforms to expand funding sources available to small businesses. The bank said it has signed cross-referral agreements with Funding Societies and MoolahSense, which becomes the first such collaboration between established banks and fintech start-ups in Singapore. DBS will refer to Funding Societies and […]