Skip to main content

How digitisation is paying for DBS - Notes from a small island

xxx

In November DBS unveiled a technology platform in Singapore to which about 70 partners have connected over 150 applications. DBS customers eyeing a home on PropertyGuru, an online estate-agency, can check their eligibility for a loan and start applying. At Homage, which provides care for the old, you can redeem DBS credit-card reward points for an assessment of needs. Neal Cross, DBS’s chief innovation officer, calls this a “standard tech-company model”, following the examples of Amazon, Alibaba and the rest.

From How digitisation is paying for DBS - Notes from a small island

xxx

Comments

Popular posts from this blog

Euro area card payments double in a decade

xxx "The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank. In 2018, card payments accounted for almost half of the total number of non-cash payments across the single-currency area. Credit transfers and direct debits were the second and third most common non-cash payment methods, accounting for approximately 23% each, while e-money and cheques together made up around seven percent. However, the relative popularity of each type of payment service still varies widely across euro area countries. In 2018 card payments accounted for just over 70% of all non‑cash payments in Portugal, compared with around 23% in Germany. The stats show that the number of card payments made by consumers and businesses has more than doubled in the last decade, with an average of 121 card payments per capita in 2018, compared with