DBS Bank - News, Articles & Research

MAS collaborates with banks and tech firms on quantum security

The Monetary Authority of Singapore has gathered a consortium of banks and technology partners to study the application of Quantum Key Distribution (QKD) as a defensive mechanisim against the threat posed by super-fast computing power.

15 August 2024

News/payments

DBS tokenizes treasury management for Ant International

Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.

14 August 2024

News/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.

15 July 2024

News/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.

02 July 2024

Company announcement/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.

27 June 2024

News/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.

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