DBS Bank - News, Articles & Research

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.

30 April 2024

News/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.

03 April 2024

Company announcement/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.

20 March 2024

News/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.

07 February 2024

News/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.

16 November 2023

News/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.

01 November 2023

News/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.

25 October 2023

News/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.

18 September 2023

Company announcement/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.

29 August 2023

Company announcement/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.

25 August 2023

Company announcement/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.

11 July 2023

News/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.

06 July 2023

News/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.

22 June 2023

News/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.

11 May 2023

News/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".

30 March 2023

Company announcement/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.

22 February 2023

News/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).

15 February 2023

News/markets

DBS completes repo transaction on JPMorgan's Onyx

DBS has become the first bank in Asia to conduct an intraday repo transaction on JPMorgan's blockchain network Onyx, using the US bank's JPM Coin digital token to complete instant settlements and maturity of the transactions within hours instead of the current industry norm of one to two working days.

23 November 2022

Company announcement/sustainable

DBS and global partners to run ClimateTech accelerator

With the risk of carbon dioxide and other greenhouse gas emissions pushing past dangerous warming thresholds, DBS together with seven partners and supporters, have committed to further build on efforts to nurture and scale the climate tech ecosystem.

08 November 2022

News/payments

Standard Chartered invests in DLT-based payments venture Partior

Standard Chartered has invested in Partior, the DLT venture set up last year by DBS, Temasek and JPMorgan to challenge the cumbersome hub-and-spoke model applied to traditional cross-border payment flow.

03 November 2022