DBS is the winner of awards and the title of Best Bank in Singapore for Foreigners. DBS, which is headquartered in Singapore has proven to have the extraordinary ability to handle a crisis and seize the chance to innovate and improve operational efficiency.
“The Best Digital Bank” title is won by DBS Bank once more. The well-known Singapore digital bank has been searching for innovative digital solutions to streamline customers’ financial transactions since 2008.
Digital banking experts debate the distinction between digitizing an internal bank operation and transforming it into a fully digital financial organization. Through several significant acquisitions, a commitment to sustainability, and advancements in its application of cutting-edge technology, DBS turned 2021 into a year to remember.
DBS, a leading digital bank and industry leader in Singapore, is well-known for implementing several innovative projects. Here are a few noteworthy examples:
Dependable financial services
DBS offers goods and services via dependable financial channels such as:
Genuine communication -To achieve its organizational goals, a corporation needs to have a solid financial plan. It entails setting goals, norms, budgets, schedules, and protocols for the financial operations of the company. In the context of its online banking services, DBS offers relevant data, practical suggestions, and expert guidance to help with financial planning.
Prudent Budgeting -We must build a sustainable future to preserve our environment and natural resources. Financial organizations recognize the potential risks and benefits associated with social, governance, and environmental concerns in responsible finance.
Best Financial Connectivity– DBS provides financial services to individuals and businesses through suitable solutions, including those that promote and work towards the Sustainable Development Goals (SDGs), regardless of their disadvantages. DBS offers cheap, subsidized banking services to Singaporeans.
Top-notch Cybersecurity– DBS uses the Cyber Security Risk Management Framework and Group Information Security Policy to safeguard the assets and private information of its clients.
Best Digibank– DBS fully embraced the chance to be a digital bank because it serves some of the world’s most rapidly expanding mobile markets. As a digital bank, DBS works hard to simplify banking for the younger generation. The Singapore-based bank adopted a three-pronged approach to do this while encouraging expansion and ensuring that scaling was simple.
DBS envisioned a bank with no brick-and-mortar branches, offering all the services of a regular bank, and ensuring smooth, paper-free transactions at every stage via a mobile-only bank. The outcome is a Digibank that provides secure, practical, and simple banking.
DBS has built a flexible, scalable, and adaptable platform to improve its offerings and incorporate new features that guarantee exceptional convenience and security.
Best Digital Exchange by DBS
Security tokens and cryptocurrencies are just two of the many digital assets for which DBS Digital Exchange provides trading services. DBS is a prominent Asian bank with years of experience in the capital markets that provides secure custody services.
It seems that the next stage of the online economy will be built on digital assets. With the launch of DBS Digital Exchange, accredited and authorized traders will now have access to a fully integrated ecosystem for the tokenization control and sale of digital assets. Using the secondary market of digital assets such as security tokens and cryptocurrency, DBS offers an ecosystem for fundraising.
SMEs and large corporations can use DBS Digital Exchange to digitize their investments and securities on the Securities Token system to generate capital more effectively. It gives these organizations more ways to obtain money and the ability to issue structured financial instruments for sale.
Advantages Not Related to Banking
DBS assists social entrepreneurs who work to improve society through:
The Foundation of DBS: Singapore’s top digital bank, DBS Foundation, provides specialized support to innovative social companies for societal impact. The DBS Foundation pledges to support social entrepreneurs throughout Asia through grants and a range of other activities, including business opportunities, skill-building seminars, mentorship, and customized programs.
There is no food waste: To end food waste and create a society where food is safe, DBS launched the Zero Food Waste (ZFW) program in 2020. This training aligns with the principles of responsible banking, ethical business practises, and making a good societal effect.
Provide Food Assistance: DBS is renowned for assisting individuals and groups by sponsoring initiatives and giving to those in need. Donations can be sent via a bank account or DBS’s Digibank, iWealth, or net banking services.
Because of all these unique initiatives outside of traditional banking, DBS has become the greatest bank in the world. DBS can grow through its creative and enduring use of digital media.
