DBS Bank

255 results about this entity

Period: 05 Jul 2002 - 15 Jul 2024

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Bank-backed DLT-based payments network Partior raises $60m

/payments

Bank-backed DLT-based payments network Partior raises $60m

Partior, the bank-backed fintech behind a global unified ledger-based interbank rails for real-time clearing and settlement, has raised $60 million in Series B funding.

Paxos approved to issue stablecoins in Singapore

/crypto

Paxos approved to issue stablecoins in Singapore

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

/payments

Mashreq utilises DBS Globesend for instant cross-border payments

DBS and Mashreq, two leading financial institutions in Asia and MENA (Middle East and North Africa) today announced a collaboration that extends same-day and near-instant peer-to-peer cross-border payments to Mashreq’s retail customers, in selected markets across Asia Pacific, Europe and the Americas.

MAS lifts six-month IT ban on DBS

/regulation

MAS lifts six-month IT ban on DBS

Singapore's central bank has lifted restrictions on non-essential IT services imposed on DBS Bank in the wake of a series of disruptive outages that hit the bank's payments and ATM services last year.

Singapore launches platform to tackle money laundering

/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

/startups

DBS Bank India announces USD 250 million lending support for start-ups

DBS Bank India announced a lending commitment of USD 250 million for new-age startups today. The initiative is part of the bank's focus on fostering innovation and entrepreneurship within the country's thriving startup ecosystem.

DBS chief Gupta docked millions of dollars in annual salary over outages

/people

DBS chief Gupta docked millions of dollars in annual salary over outages

DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank's payments and ATM services last year.

Singapore develops generative AI risk framework; digital money and ESG also to the fore

/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

MAS bars DBS from new business ventures and branch closures

/regulation

MAS bars DBS from new business ventures and branch closures

The Monetary Authority of Singapore has barred DBS from acquiring new business ventures or shrinking its branch and ATM network as part of an effort to restore the resilience of its digital banking services following a series of disruptive outages.

MAS orders DBS and Citibank to investigate lengthy outage

/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

Sibos 2023: What’s next for low-value cross-border payments?

/Sibos

Sibos 2023: What’s next for low-value cross-border payments?

The challenges and opportunities associated with low-value cross-border payments was on the agenda at Sibos on Monday as a panel of industry players explored a host of models, from correspondent banking to DLT to interlinked national systems.

/retail

DBS creates Mateverse adventure to spotlight global food waste

DBS today unveiled its metaverse concept for DBS BetterWorld, a gamified adventure to demonstrate how the metaverse can be leveraged as a force for good.

/sustainable

DBS unveils Metaverse adventure to spotlight global food waste challenge

DBS today unveiled its metaverse concept for DBS BetterWorld, a gamified adventure to demonstrate how the metaverse can be leveraged as a force for good.

/payments

DBS divests majority stake in AXS to Tower Capital Asia

DBS Bank Ltd (“DBS”) today announced that it has entered into an agreement to sell a 77.8% stake in AXS Pte. Ltd. (“AXS”) to private equity firm Tower Capital Asia.

DBS launches merchant payment system for Chinese CBDC

/crypto

DBS launches merchant payment system for Chinese CBDC

Singapore's DBS has implemented a payments collection and settlement service for Chinese merchants that handles transaction in the country's retail central bank digital currency, E-CNY.

Singapore fines banks for AML breaches in Wirecard affair

/regulation

Singapore fines banks for AML breaches in Wirecard affair

Singapore has slapped three banks and an insurer with fines for anti-money laundering breaches connected with the Wirecard scandal.

MAS lifts DBS capital requirement following wave of outages

/regulation

MAS lifts DBS capital requirement following wave of outages

The Monetary Authority of Singapore (MAS) has imposed additional capital requirements on DBS, following widespread outages in March and a subsequent disruption to its digital banking and ATM services earlier this month.

MAS to take action against DBS over "unacceptable" outage

/regulation

MAS to take action against DBS over "unacceptable" outage

The Monetary Authority of Singapore is to take action against DBS after its second outage in less than two years, describing the disruption to services as "unacceptable".

/retail

DBS Bank India partners with eSamudaay to propel local commerce in small towns

In line with its vision to support Indian MSMEs, DBS Bank India announced its partnership with eSamudaay today.

DBS benefits from flight to safety by institutional crypto investors

/crypto

DBS benefits from flight to safety by institutional crypto investors

The downturn in crypto values and multiple scandals has led to a boom in bitcoin trading at Singapore's DBS Bank, which saw volumes grow by 80% on its Digital Exchange (DDEx).

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