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Major Players in the Singapore Banking Scene

The banking scene in Singapore is dominated by a number of major players that offer a wide range of services to individuals, businesses, and corporations. These banks have established a strong presence in the market and are known for their stability, security, and quality service. DBS Bank is the largest bank in Singapore and provides a full range of services including retail, wealth management, and corporate banking. It is known for its innovative products and services, making it one of the most technologically advanced banks in the region. OCBC Bank is the ol...
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What does dbs mean in banking

DBS is a popular term in the banking world, and it stands for the Development Bank of Singapore. It is a multinational financial services provider based in Singapore, and it operates in over 18 countries worldwide. The bank provides a wide range of services, including commercial banking, investment banking, and asset management. DBS is considered one of the largest banks in Asia in terms of assets and market capitalization, and it is known for its commitment to innovation and technology. The bank has been at the forefront of digital banking in Asia, and it has ...
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Privacy Policy

What information do we collect? We collect information from you when you register on our site, subscribe to our newsletter, respond to a survey or fill out a form. When registering on our site, as appropriate, you may be asked to enter your name or e-mail address. You may, however, visit our site anonymously. What do we use your information for? Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our w...
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DBS banking hall opening hours

DBS is one of the largest banks in Asia, with a presence in 18 markets around the world. If you're a DBS customer or potential customer, you may be wondering about the opening hours of their banking halls. In this blog post, we'll provide you with all the information you need to know about DBS banking hall opening hours. DBS banking halls are open from Monday to Friday, with some branches open on Saturdays. The exact opening hours vary by location, so it's best to check the opening hours of your nearest branch before heading out. Most DBS banking halls open ...
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How to make the most of virtual meetings

Whenever we encountered a deadlock in a decision, discussion or problem a few weeks ago, the natural refrain was "let's call for a meeting". That little luxury of huddling in a room to hash things out has become a distant memory - and almost a forbidden evil. Then there were the customary committee meetings, with far more people than required for good decision making. You may be familiar with them: steering committees and project committees - with reams of minutes and action items. With the advance of Covid-19, governments globally have rapidly put in place ...
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Top 5 Banking Trends in Singapore for 2025

As Singapore continues to cement its reputation as a global financial hub, the banking industry is evolving at an unprecedented pace. With digital transformation and fintech innovation at its core, the landscape is set for exciting changes in 2025. In this article, we explore the top five banking trends that will define Singapore’s financial ecosystem, offering insights that are both semantically rich and SEO-optimized to help you stay ahead of the curve. 1. Digital Transformation and Mobile Banking Evolution Digital transformation remains a cornerstone of...
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UBS Asia Pacific chief looks to digital and green economy

The brave new world after the coronavirus crisis will see a highly digitalised economy that is also greener and more sustainable, said UBS regional chief Edmund Koh. Mr Koh, who is president of UBS Asia Pacific, added that some industries such as aviation, travel and entertainment will find it challenging while others such as e-commerce and logistics might thrive. He told The Straits Times in an exclusive interview: "We have always maintained that some industries would do well, such as e-commerce, high technology like 5G and automation, logistics like delive...
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Understanding Singapore's Financial System: A Beginner's Guide

1. Overview of Singapore’s Financial System Singapore’s financial system is governed by the Monetary Authority of Singapore (MAS), which regulates and supervises banks, financial institutions, and capital markets. The system is designed to support economic growth while ensuring financial stability and investor protection. 2. Key Components of the Financial System a) Banking Sector Singapore is home to both local and international banks that offer a wide range of financial services, including retail banking, corporate banking, and wealth management. ...
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are banks open today

```html Are Banks Open Today? Understanding Bank Operating Hours Whether you need to deposit a check, apply for a loan, or simply withdraw some cash, knowing the answer to "are banks open today" is crucial. Bank operating hours can vary significantly based on location and public holidays, making it essential to stay informed. In this blog post, we'll explore when banks are typically open and provide tips on how to find out their operating status. Understanding Standard Bank Operating Hours Most banks follow a standard schedule, but it's important to note that h...
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how do banks refund scammed money

```html How Do Banks Refund Scammed Money? In today's digital age, online scams have become increasingly sophisticated, leaving many individuals vulnerable to financial fraud. When someone falls victim to a scam, a common question arises: how do banks refund scammed money? Understanding the processes involved can provide peace of mind and help individuals take the right steps toward financial recovery. Understanding Bank Responsibilities Banks have a crucial role in protecting their customers' financial assets. When it comes to refunding scammed money, banks fo...
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why do banks freeze accounts

```html Why Do Banks Freeze Accounts? Have you ever tried to access your bank account only to find out it's been frozen? It can be a distressing situation, leaving you wondering what went wrong. In this blog post, we will explore the reasons behind why banks freeze accounts and what you can do if it happens to you. Understanding these reasons can help you prevent future issues and manage your finances more effectively. Common Reasons for Account Freezing There are several reasons why banks might decide to freeze an account. Some of the most common reasons inclu...
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DBS Bank joins blockchain trade-finance network Contour

SINGAPORE (THE BUSINESS TIMES) - DBS Bank has joined Contour's network, which is built on blockchain technology company R3's Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LCs). It is the first Singapore bank to do so, ahead of the blockchain-based platform's full launch later this year, DBS announced on Monday (May 11). Other banks in the network include BNP Paribas, Bangkok Bank, ING, HSBC, Standard Chartered and Citi Ventures, according to the website for Singapore-based Contour. ...
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HSBC cuts top investment bank jobs despite wider firing freeze

LONDON/HONG KONG (REUTERS) - HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that chief executive Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut programme on hold. CEO Quinn last month announced a temporary halt to plans for 35,000 redundancies across the bank because of the impact of the coronavirus pandemic. Quinn, who took on the permanent CEO role in March after a lengthy audition process during which Chairman Mark Tucker courted several external can...
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DBS Q1 profit falls 29% as loan-loss provisions surge amid coronavirus pandemic

SINGAPORE (BLOOMBERG, REUTERS) - DBS Group Holdings, Singapore and South-east Asia's largest lender, posted its first quarterly profit decline since 2017 as the coronavirus pandemic and oil price slump triggered a spike in loan-loss provisions. Net income fell 29 per cent to $1.17 billion in the three months ended March 31 from $1.65 billion a year earlier, the bank said on Thursday (April 30). That compares with the $1.19 billion average estimate of six analysts surveyed by Bloomberg. DBS last posted a quarterly profit decline in the third quarter of 2017. ...
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Coface Singapore

Coface Singapore is a branch of Coface Group (Compagnie Française d’Assurance pour le Commerce Extérieur), world leader in credit insurance with 4,440 employees, represented in 66 countries. Coface’s branch in Singapore was established as a representative office in 1995 and currently offers whole turnover, single and political risk insurance, providing a comprehensive cover for both commercial and political risks, participating in various government schemes to support Singaporean companies. Company's insurance products and services Globalliance (Preven...
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