Euromoney editor Clive Horwood said DBS represented what a bank today should look like, noting: "No other institution has worked so hard to embrace and lead digital disruption. He added that DBS had embedded "digital innovation into everything it does - with a tangible positive impact on the bottom line". The bank has a "clear-sighted focus on sustainability that positions it well for the years ahead", Mr Horwood noted. The bank's latest award follows two other honours last year.
Asian Development Bank
DBS first Asian bank to be named the world's best, Banking News & Top Stories - The Straits Times
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DBS first Asian bank to be named the world's best
Its new policy , published on the same day that Singapore declared to be the Year of Climate Action , consists of four pledges to tackle climate change, Eco-Business can reveal. In its responsible lending pledge, the Singapore-based bank says it will stop financing new coal-fired power stations in countries belonging to the Organisation for Economic Co-operation and Development OECD , a club of developed countries that includes the United States, United Kingdom, Japan, South Korea and Australia. The financing of new coal fired power plants should be restricted to low income countries with no available alternative — as assessed by independent third-parties. Full financial disclosure means that the banks report their financing mix for the energy sector and set targets for how this will shift over time, she said. In line with this, energy sector clients should be required to set science-based targets.
They will benefit from push authentication technology and more secure logins which tap on biometric facial recognition technology 1 on their mobile devices. This enables them to validate logins to their corporate accounts and perform and confirm online transactions anytime, anywhere. Previously, customers had to activate their physical or digital token app in order to authenticate and approve transactions. All they now need to do is confirm their transactions on their registered mobile device with a single swipe 2. When approving a transaction, customers will benefit from an extra confirmation message delivered to their mobile device through a separate out-of-band channel 3 to verify transaction details.