DBS Bank may have been the largest company amongst the pioneering batch of organisations to apply for Singapore’s DPTM certification, but that did not stop the financial services giant from becoming the first to cross the finish line
Next level Mr Shee noted that a lot of trust has been built on the bank’s financial strength – its capital base, liquidity position and performance – as well as the fact that it is headquartered in Singapore. When giving wealth advice, the bank must assess the customers and their risk appetite. To do this, it needs to have data on the customer’s financial standing and past investment behaviour.
When the bank’s Group Legal, Compliance and Secretariat team presented the DPTM framework to its senior management, they received approval immediately. “It was a no-brainer for us. Trust is very integral to banking,” said Mr Shee.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to set your Google data to self-destructNEW YORK — Last year you may have been addicted to Beyoncé. But nowadays you’re more into Lizzo. You also once went through a phase of being obsessed with houseplants, but have lately gotten into collecting ballpoint pens.
Source: TODAYonline - 🏆 1. / 99 Read more »
Time for ST Telemedia, Singtel to inject their data centres into Reits?UP to S$6 billion worth of data centre assets could be spun off into real estate investment trust (Reit) initial public offerings, should CLSA's suggestion in a recent report on a potential restructuring of Temasek's portfolio materialise. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Investors 'have little choice' but to go to stocks: DBS[SINGAPORE] Stocks still look particularly attractive in a world of ultra-low bond yields, according to South-east Asia's largest bank DBS Group Holdings. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
How to set your Google data to self-destructNEW YORK — Last year you may have been addicted to Beyoncé. But nowadays you’re more into Lizzo. You also once went through a phase of being obsessed with houseplants, but have lately gotten into collecting ballpoint pens.
Source: TODAYonline - 🏆 1. / 99 Read more »
Time for ST Telemedia, Singtel to inject their data centres into Reits?UP to S$6 billion worth of data centre assets could be spun off into real estate investment trust (Reit) initial public offerings, should CLSA's suggestion in a recent report on a potential restructuring of Temasek's portfolio materialise. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Basilashvili survives early scare in Shanghai, Verdasco knocked outNikoloz Basilashvili avoided becoming an early casualty at the Shanghai Masters when the Georgian 15th seed was forced to fight back from a set ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »