singapore

DBS Bank is a Singaporean multinational bank that provides a wide range of financial services to individuals and businesses across Asia. One of the key aspects of DBS Bank's service delivery is its state-of-the-art banking halls, which provide customers with an unparalleled banking experience. The DBS banking halls are designed with the customer in mind, providing a comfortable and welcoming environment where customers can carry out their banking transactions in a stress-free manner. The banking halls are equipped with modern technology, including self-service ...

Choosing the right bank account can be a daunting task, with so many options available in the market. When it comes to savings accounts, DBS Bank is a popular choice among Singaporeans. However, which DBS account is better for you? Let’s explore the two main options: DBS Multiplier and DBS Savings Plus. DBS Multiplier is a high-interest savings account that offers up to 3.8% p.a. interest rate, depending on the amount deposited and the number of eligible transactions made. The account requires customers to fulfil certain criteria to qualify for the higher inter...

DBS Bank is a Singapore-based financial institution that has earned a reputation as one of the world's best banks. DBS Bank's success is due to its innovative approach to banking, strong financial performance, and commitment to sustainability. In this article, we will explore why DBS Bank is considered the best bank in the world. Innovation: DBS Bank is known for its innovative approach to banking. The bank has been a leader in digital banking since the early 2000s, when it launched its first online banking platform. Today, DBS Bank's digital banking platfor...

DBS is one of the leading banks in Singapore, and its internet banking service offers customers a convenient way to manage their accounts and carry out transactions. If you're a DBS customer, you can register for internet banking in a few easy steps. Here's how: Step 1: Visit the DBS website To register for internet banking, you'll need to go to the DBS website at www.dbs.com.sg. Once you're there, click on the "Login" button in the top right-hand corner of the screen. Step 2: Click on "Register for Internet Banking" On the login page, you'll see a but...

On February 10, 2023, DBS Bank, one of the largest banks in Singapore, experienced a major outage that affected many of its services. The outage lasted for several hours, causing widespread frustration among customers who were unable to access their accounts or make transactions. The cause of the outage is still unknown, but DBS has apologized for the inconvenience and promised to investigate the issue. The DBS banking outage affected many of the bank's services, including its mobile app, internet banking, ATMs, and card transactions. Customers were unable to a...

Opening a bank account in Singapore can be a tricky process, especially for foreigners. However, with the right documentation and preparation, it is possible for foreigners to open a bank account in Singapore with the Development Bank of Singapore (DBS). DBS is one of the largest banks in Singapore and offers a variety of banking services for individuals and businesses. As a foreigner, you can open a DBS bank account as long as you meet certain requirements and have the necessary documentation. The first step in opening a bank account with DBS as a foreigner...

Mobile banking has become an essential component of the digital world, allowing customers to access their bank accounts and make transactions on-the-go. One of the leading providers of mobile banking services is DBS Bank, a multinational bank based in Singapore. DBS Bank has been at the forefront of the mobile banking revolution, offering a range of innovative solutions to its customers. DBS Bank's mobile banking app, known as "DBS digibank," offers a comprehensive range of features that allow customers to manage their accounts and conduct transactions with eas...

DBS and POSB are two of the most popular banks in Singapore, and many people often wonder if they are the same or not. Although both are part of the DBS Group, they are different entities with their own unique features and functions. DBS Bank is the largest bank in Southeast Asia and offers a wide range of banking and financial services. It caters to both individuals and businesses, providing services such as savings accounts, loans, credit cards, investment management, insurance, and more. It has branches all over Singapore and other countries in the region. ...

Singapore SINGAPORE banks have stuck to staffing plans made earlier in the year, including their commitments to retain jobs through to the end of 2020. But they are actively managing staff costs as Singapore remains in the throes of its worst recession. It comes as UOB has...

SINGAPORE (THE BUSINESS TIMES) - UK-based payments fintech firm Revolut has appointed Mr James Shanahan - previously the chief operating officer (COO) of insurtech company Singapore Life - as its Singapore chief executive officer to lead the growth of its Asia business. The firm has also hired former Credit Suisse managing director Rayson Tan as its new chief compliance officer, chief risk officer and head of legal in Singapore. Ms Pam Chuang, previously the vice-president of sales and partnerships at fintech firm GoBear, has also joined Revolut as its new hea...

HONG KONG (REUTERS, BLOOMBERG) - HSBC Holdings' first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide. Europe's biggest bank by assets said profit before tax came in at US$3.21 billion (S$4.56 billion) for January-March, down from US$6.21 billion a year ago and below an average analyst forecast of US$3.67 billion compiled by the bank. The bank increased its expected credit impairment charges by a hefty US$2.4 billion to US$3 billion due to the im...

SINGAPORE - Dough fritter company Xi De Li director Adrian Koh used to spend about 20 minutes at each of his customers' stalls around Singapore to collect and count his payment. He makes about 10 visits a day before bringing the money back to his office in Kaki Bukit where staff from the finance department will spend about six hours of their workday collating the cash brought in and printing out invoices, among other duties.

SINGAPORE (THE BUSINESS TIMES) - The Singapore FinTech Association (SFA) and Razer Fintech have agreed to provide fintech companies in Singapore bridge financing, equity or equity-linked instruments ranging from US$100,000 to US$1.5 million (S$143,000 to S$2.1 million), they said in a joint release on Thursday (April 23). The final sum depends on the fintech company's stage of growth and business requirements. Financial assistance is one of several measures the partners are rolling out to address key issues faced by local fintech players due to the Covid-19 ...

Margins are expected to shrink 6-10 bps compared to Q4 2019. Singapore’s big three banks are expected to post an average 38% YoY fall in earnings for the Q1 period on the back of spiking credit costs and falling credit card income, according to a report by Jefferies. Meanwhile, the banks’ non-interest income is expected to contract by 6-13% YoY, whilst revenue for the three banks will fall 2-4% YoY, due to falling card income, wealth management income, and weak stock prices. Whilst system loans and deposits grew 3.5% and 4.9% YTD respectively, pushed by b...

A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore. The Monetary Authority of Singapore (MAS) has finally commenced the new Payment Services Act (PSA), repealing the Money-changing and Remittance Businesses Act and the Payment Systems (Oversight) Act. The new act, launched in January 2020, covers new types of payment services, such as digital payment token services, and adopts an activity-based licensing framework. It is expected to be enhanced under the new PSA in an effort to strengthen consumer protecti...