DBS Bank: Fintech Ecosystem
In 2014, DBS appointed Neal Cross as chief innovation officer. He is responsible for driving the bank’s digital innovation agenda across Asia. In the same year, DBS committed S$200m to build a digital infrastructure for the bank, leveraging big data, biometrics, and artificial intelligence (AI) technologies.
DBS Bank established a developer team to create APIs and launch the world’s largest API platform. The bank has also partnered with various government-backed venture capital firms, non-profit organizations, and technology providers to help its SME and other corporate customers find digital solutions as per their business needs.
DBS Bank has partnered with various software providers to automate its rule-based tasks and launch a connected banking platform. In addition, the bank was selected by government authorities in Singapore as one of the partners in its initiatives to test blockchain.
The report provides information and insights into DBS Bank's fintech activities, including -
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