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DBS


DBS Vickers (DBSV), the brokerage arm of DBS Bank, today 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. This will enable DBSV, as a member of DBS Digital Exchange (DDEx), to directly …

DBS and Nanyang Technological University, Singapore (NTU Singapore) are collaborating on initiatives to help Singapore’s small and medium-sized enterprises (SMEs) scale their businesses overseas in the new normal and seize emerging opportunities in the APAC region. Under the agreement, NTU and DBS will offer the national Enterprise Leadership for Transformation (ELT) programme, in partnership with Enterprise Singapore. The programme …

The third edition of the DBS Digital Readiness Survey[1] has revealed that although there has been continued momentum in digitalisation efforts by businesses across the Asia-Pacific (APAC), there remains room for further improvement.Involving around 2,600 corporate treasurers, CEOs, CFOs and business owners across 13 markets in APAC[2], as well as the US and UK, the …

DBS Bank today announced that it has been named “World’s Safest Commercial Bank” by New York-based trade publication Global Finance, marking the first time the bank has achieved this accolade. DBS was also named Asia’s Safest Bank for the 13th consecutive year, extending a track record stretching back to 2009. The bank was ranked 11th …

DBS has been honoured as the global winner for Most Innovative in Digital Banking by Financial Times publication The Banker, in its 2021 Innovation in Digital Banking Awards. The bank was also recognised as the Asia-Pacific winner, and won in the Cyber Security category for its Secure Access and Remote Working Solution. The Banker’s Innovation …

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 (“EvolutionX”). Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia. The growth debt capital …

With more people turning to the virtual world amid Covid-19, the issue of online harms, particularly against women and girls, has become increasingly prevalent. In response to these growing challenges, DBS, the Singapore Judiciary, and the Ministry of Communications and Information (MCI) are jointly organising a community hackathon to generate innovative solutions for safer and …

Building on its commitment to achieve net zero operational carbon emissions by 2022, DBS today announced plans to transform an existing four-storey office building located at 135 Bukit Timah Road into Singapore’s first net zero development by a bank. When completed, the building, located a stone’s throw from the Newton MRT station, will join the …

Phoenix Residential Pte Ltd and Phoenix Commercial Pte Ltd (“the Borrowers”), both 70:30 joint ventures between Allgreen Properties Ltd and Kerry Properties Ltd, have secured a S$861.75 million green loan from DBS Bank, Maybank and OCBC Bank to finance a mixed-use development project in Pasir Ris in Singapore. This is the maiden green loan for …

Banks can accelerate the transition toward a sustainable economy by adopting new impact-reporting standards that account for social- and environmental factors, a group of leading financial institutions said in a call to action on Wednesday. Financial firms need new reporting rules that pull positive and negative externalities like job creation and pollution into standard practices …