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Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021

NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow...

Corporate

DBS launches online tracking for cross-border payments in Asia's first

More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional...

Corporate

DBS named safest bank in Asia for 12th year running

DBS has been named the "Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.

Corporate

DBS named world's best bank for 3rd year running

For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its...

Singapore

DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside

DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.

Corporate

DBS to pilot SingPass facial verification technology for signing up of banking services

DBS has partnered with the Government Technology Agency of Singapore (GovTech) to pilot the latter’s innovative SingPass Face Verification...

Singapore

OCBC customers can use SingPass for ibanking login in Singapore's first

OCBC’s 1.8 million digital customers in Singapore are now able to use SingPass Mobile app as an alternative login to access the full suite...

Singapore

DBS named winner of global digital transformation award

DBS has been named the inaugural winner of the Digital Transformation Award in the Hackett Group’s Digital Awards 2020.

Singapore

14 digital bank applications to progress to next stage of assessment: MAS

14 of the 21 digital bank applications received by the Monetary Authority of Singapore (MAS) have met the eligibility criteria required for...

Singapore

Financial institutions should strengthen safe distancing measures: MAS

Financial Institutions in Singapore have been asked to actively encourage all customers to use electronic platforms (such as online or...

Covid-19

Asian Development Bank opens new office in Singapore

The new space signifies deepening efforts to collaborate on some of the most pressing development challenges facing Asia and the Pacific.

Singapore

DBS named in Bloomberg gender equality index for 3rd year running

In recognition of the bank’s commitment to workplace gender equality, DBS Bank has been named to the Bloomberg Gender-Equality Index (GEI)...

Singapore

DBS adopts AI-powered screening technology to enhance compliance

As financial criminals grew increasingly sophisticated, DBS Bank has implemented an artificial intelligence (AI) powered solution to fend...

Corporate

DBS reports record total income at 13% increase in 2019 Q3

DBS reported a strong operating performance in the third quarter of 2019, with its total income increasing 13 per cent to a new high of SGD...

Singapore

DBS ranked safest bank in Asia for 11th year running

For the 11th consecutive year, DBS retained the title of “Safest Bank in Asia”, awarded by New York-based trade publication Global...

Singapore

Indians moving to the UK will be able to open an ICICI account before arrival

In a first-of-its-kind service by an Indian bank in the United Kingdom (UK), ICICI Bank UK PLC will allow digital account opening through...

Singapore

SBI Singapore launches new heartland branch

State Bank of India (SBI) Singapore unveiled its new branch office at Jurong East heartlands on Monday with the High Commissioner of India...

Singapore

Singapore central bank to issue digital bank licences

The move extends digital bank licences to non-bank players.

Singapore

RBI cuts rates to support sagging Indian economy; announces measures

The Reserve Bank of India on Thursday cut interest rates by 25 basis points in its latest credit policy for the third time this year. It...

Global