facebookI heard, DBS Bank is moving towards digital solutions for capital markets. What does this mean? - Seedly

Advertisement

Anonymous

16 Dec 2020

Saving Hacks

I heard, DBS Bank is moving towards digital solutions for capital markets. What does this mean?

I need more detail

Discussion (2)

What are your thoughts?

Learn how to style your text

I think digitalized is a trend that can't be resisted.

Sticking with the optimist view, one could argue that there is still time for banks to act decisively in a late cycle before we hit a recession.

After all, idiosyncratic performance continues to explain a large part of a bank’s economic returns—be it through levers to achieve scale or to truly differentiate itself in the markets it serves.

As growth slows and average banking valuations decline, pulling these levers becomes ever more

crucial.

But how can executive leadership take advantage of the late cycle to get a jump on the beginning of the next cycle?

The key is to prioritize and deliver on bold and critical moves.

For more information, please read this blog

https://www.shareableasset.com/insights/the-fut...

Yeap Ming Feng

02 Dec 2020

Head of Seedly at Seedly

Hey!

Lately, we can see local banks stepping up and undergoing some digital transformations.

On the consumer front, we are rewarded with better User Interface for our banking mobile apps and platform.

We will also be looking at various digital bank license being given out in the near future.
https://blog.seedly.sg/singapore-digital-bank-l...

While we are generally still unsure of what the digital bank licenses even mean, though there are some ideas behind what we can expect. These ideas are based on what we can foresee happening abroad.

Here are some possibilities, some are already in place

  • Better expense tracking across all banks

  • Performing transactions anytime, anywhere and possibly real-time

  • More efficient ways to invest, take up a loan or purchasing a financial product.

  • We are even thinking less middle man costs and faster processes internally.

But that being said, digitalisation has its pros and cons. Cybersecurity will be one of the major concern amongst the population.

Write your thoughts

Advertisement