After a five-year stint as DBS Bank’s Chief Innovation Officer, Neal Cross has announced his departure from the Singapore-based financial services heavyweight, joining local fintech PictureWealth as company chair.
 

Singapore’s DBS Bank has completed its acquisition of ANZ’s wealth management and retail banking businesses across five Asian markets – a deal first announced back in October 2016.

DBS Bank has announced it will become Singapore’s first bank to convert its traditional data centre into a cloud-optimised hub.
 

DBS bank has unveiled the “world’s largest” banking API developer platform, launching an unprecedented 155 separate APIs for the Singapore market.
 

The 'Big Techs' have led the way in delivering customer-focused experiences, providing ease, value, variety, transparency, and personalised offers. This has led to their massive adoption by consumers. Banks who embrace these lessons and transform themselves into digital organisations – making customer experience part of their DNA, while maintaining a balanced approach to risk management – will come out on top.

The 'Big Techs' have led the way in delivering customer-focused experiences, providing ease, value, variety, transparency, and personalised offers. This has led to their massive adoption by consumers. Banks who embrace these lessons and transform themselves into digital organisations – making customer experience part of their DNA, while maintaining a balanced approach to risk management – will come out on top.

DBS Bank has added more than a million customers to its digi-bank digital banking initiative whilst waiting approval to open a wholly-owned Indian subsidiary.

DBS Bank has added more than a million customers to its digi-bank digital banking initiative whilst waiting on approval to open a wholly-owned Indian subsidiary.

Leonardo Koesmanto, DBS Bank

 

"Banks and other fintech players continue to elevate solutions for current fraud and data theft threats and their provenance, online risks, privacy and security considerations, and explore controls to mitigate and manage the risks. Sometimes, or a lot of times the security breach is not coming from failure in the technology itself, but failure from the human factor..."

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DBS Bank has launched a first-of-its-kind service with would allow small and medium-sized businesses apply for a Letter of Credit online.

DBS Bank has launched a first-of-its-kind service with would allow small and medium-sized businesses apply for a Letter of Credit online.

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Shantanu Sengupta, Head, Consumer Banking Group, DBS Bank India

"We have seen a significant amount of action in the fintech space in India - competition is no longer limited to banks, the competition today is with the banks and fintech providers; the entry of the disruptors has helped the overall ecosystem by driving awareness and inquisitiveness in customers to try new-age digital solutions..."