Tagged: dbs

October 27, 2021 @ 4:30 pm By JD Alois  |  

Hedera Hashgraph reports that DBS, an international bank based in Singapore, has joined its Governing Council. This is the first Asian bank to join Hedera on its mission to expand the utilization of its enterprise blockchain ecosystem. DBS is expected to be integral in guiding… Read More

September 14, 2021 @ 11:51 am By Omar Faridi  |  

DBS (SGX:D05) has introduced real-time online tracking of cross-border collections for companies in India through a partnership with SWIFT Global Payments Innovation (gpi). DBS is reportedly first bank in India and the Asia-Pacific region to provide this service to customers, which should benefit around 4,000… Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

May 31, 2021 @ 10:49 am By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, revealed on Monday (May 31, 2021) that it has priced a SGD 15 million (appr. $11.35 million) digital bond, which marks DBS Digital Exchange’s (DDEx) first security… Read More

April 28, 2021 @ 8:12 am By Samantha Hurst  |  

DBS announced on Wednesday it has partnered with JPMorgan and Temasek to launch a cross-border payments platform, known as Partior. According to the trio, Partior aims “to disrupt the traditional cross-border payments ‘hub and spoke’ model,” which has notably caused common “pain points” such as… Read More

April 23, 2021 @ 4:57 pm By Omar Faridi  |  

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

April 13, 2021 @ 12:40 am By Omar Faridi  |  

DBS (SGX:D05)/POSB retail clients are now able to access a new feature offered via DBS’ AI-enhanced financial and retirement planning tool, called NAV Planner, which will aim to offer specific investment recommendations that are well-suited for different investment profiles and requirements. Evy Wee, Head of… Read More

March 15, 2021 @ 10:20 pm By Omar Faridi  |  

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

February 24, 2021 @ 8:54 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, is reportedly using facial biometrics for handling online corporate account opening processes for small businesses. This should help the bank with speeding up information authentication and verification…. Read More

January 25, 2021 @ 12:30 pm By Samantha Hurst  |  

  Southwestern Asian banking group DBS has reportedly launched a digitalized audit confirmation solution for both corporate and SME customers. According to various reports, the solution cuts down on the processing time for audit confirmation requests from compared seven-day industry norm to just under 24… Read More

December 10, 2020 @ 9:18 am By Samantha Hurst  |  

Southwestern Asian banking group DBS announced on Thursday it will set up a digital exchange. The exchange will notably allow institutional investors, as well as accredited investors, to tap into a fully integrated tokenization, trading, and custody ecosystem for digital assets. DBS further revealed that… Read More

December 9, 2020 @ 12:32 pm By JD Alois  |  

The UK Department for International Trade (DIT) has launched a new global partnerships program called “Leading Edge.” The program is designed to help International Financial Institutions (IFIs) in priority markets access the best British Fintech solutions, starting with Singapore, Australia, and the United States. The… Read More

October 7, 2020 @ 7:01 am By Omar Faridi  |  

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, and Standard Chartered, a major British financial services provider, are reportedly leading a workgroup of 12 other banks that are helping to develop a proof-of-concept… Read More

August 2, 2020 @ 11:45 pm By Omar Faridi  |  

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, has teamed up with the Government Technology Agency of Singapore (GovTech) to test out the SingPass face verification technology system. DBS Bank aims to attract… Read More

February 8, 2020 @ 8:50 am By Omar Faridi  |  

Singapore banking group DBS has reportedly completed the first all-digital trade financing settlement, which was conducted on the country’s newly developed Network Trade Platform (NTP). The platform is blockchain-based but NTP appears to go out of its way not to focus on the technology and… Read More

January 20, 2020 @ 1:14 pm By Samantha Hurst  |  

Banking group DBS announced on Monday it has launched a new solution to transform cash and paper-based B2B payments and collections landscape for businesses in Singapore. The bank reported its QR-code based solution is powered by DBS RAPID and DBS MAX and addresses Singapore’s aim… Read More

August 6, 2019 @ 3:54 pm By Samantha Hurst  |  

LiquidX, a global network for illiquid assets, announced on Tuesday it has welcomed DBS Bank to its network. According to LiquidX, DBS is a financial services group in Asia that has successfully completed a primary receivables transaction with one of its key relationship clients through… Read More

December 26, 2018 @ 10:53 am By Samantha Hurst  |  

DBS Bank recently announced it has teamed up with Halcyon to launch a new digital marketplace for the trading of sustainably processed natural rubber, HeveaConnect. The Singapore bank revealed: “The HeveaConnect digital marketplace aims to connect natural rubber stakeholders such as farmers, rubber producers and tyre manufacturers… Read More

July 25, 2018 @ 9:21 am By Samantha Hurst  |  

DBS announced on Tuesday the launch of Southeast Asia’s largest bank-led property marketplace. DBS claims it is also the first bank in the region to launch an online property marketplace that offers listings from both agents and owners. According to DBS, the DBS Property Marketplace… Read More

September 26, 2017 @ 12:21 pm By JD Alois  |  

Another day, another challenge for the cryptocurrency world. Bloomberg is out with report that Singapore banks are quietly closing bank accounts of some cryptocurrency and payment firms. Singapore regulatory authorities recently issued a cautionary statement on Initial Coin Offerings (ICOs), just like the rest of… Read More