Oversea-Chinese Banking Corp ($OVERSEA-CHINESE BANKING CORP(O39.SI)$ )
Oversea-Chinese Banking Corp. started by announcing Helen Wong as its first female chief executive officer and the first woman to lead a Singapore bank. Wong replaced Samuel Tsien who retired after 14 years with the bank.
Wong said in a Bloomberg interview last month that OCBC Bank is considering whether to set up a crypto exchange but it won't rush into the sector just because of its popularity.
The bank in partnered with Eco-Business to launch the inaugural OCBC Climate Index which measures the current levels of environmental sustainability awareness and climate action among Singaporeans.
DBS Group ($DBS Group Holdings Ltd.(DBSDF)$ )
DBS, Southeast Asia’s largest bank by total assets, has invested heavily in recent years to digitise its core banking business and set up new technology platforms. These efforts have helped to boost the bank’s return-on-equity and helped it to adapt to pandemic-induced uncertainties.
The Group has also made steady progress in executing its asset digitalisation strategy. DBS Vickers, the brokerage arm of DBS Bank, in October received received in-principle approval from the MAS under the Payment Services Act to provide digital payment token services as a major payment institution. DBSV is working through the necessary follow-ups with a view towards meeting MAS’ requirements for a licence.
The DBS Digital Exchange (DDEx), set up last December as a members-only exchange for institutional investors and accredited investors, has onboarded 400 investors.
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