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DBS

DBS Bank Singapore Rolls Out Blockchain-Based Government Grants Pilot

by Isaac Wright
DBS Bank Singapore Rolls Out Blockchain-Based Government Grants Pilot

DBS Bank is implementing a blockchain pilot for government grant disbursements in Singapore. The pilot project initiatives to improve fund distribution and eliminate manual oversight. DBS Bank in Singapore has …

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DBS launches treasury tokens with Ant International for cross-border liquidity management

by Anas Siddiqui
DBS launches treasury tokens with Ant International for cross-border liquidity management

DBS, Singapore’s largest banking group, has launched a treasury token pilot project with Ant International to improve cross-border treasury and liquidity management. The project, which operates on DBS’ permissioned blockchain, …

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Singapore jails businessman who tried to buy Newcastle United in 2020

by Walter Watson
Singapore jails businessman who tried to buy Newcastle United in 2020

A former employee of the healthcare group who worked closely with Loh – Michael Wong Soon Yuh – was found guilty of five charges, including cheating, the police said on …

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Singapore’s OCBC Acquires Commonwealth Bank Of Australia’s Indonesian Unit

by Anas Siddiqui
Singapore’s OCBC Acquires Commonwealth Bank Of Australia’s Indonesian Unit

Helen Wong, group CEO of Oversea-Chinese Banking Corp. (OCBC). Ore Huiying/Bloomberg Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender by assets, has agreed to acquire Commonwealth Bank of Australia’s Indonesian unit …

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Singapore says DBS, Citi report 2.5 million failed transactions from outage

by Walter Watson
Singapore says DBS, Citi report 2.5 million failed transactions from outage

About 2.5 million Singapore payment and ATM transactions could not be completed during DBS Group Holdings Ltd and Citigroup Inc.’s recent outage, causing widespread inconvenience to the city state’s population …

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Singapore regulator bars DBS bank from new acquisitions for 6 months, over ‘unacceptable’ outages

by Walter Watson
Singapore regulator bars DBS bank from new acquisitions for 6 months, over ‘unacceptable’ outages

Singapore’s financial regulator on Wednesday barred DBS Group from acquiring new business ventures or reducing the size of its local branch networks for six months, as it steps up efforts …

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