Singapore Tests Digital Banking Features
DBS Singapore is currently piloting a digital banking service that would allow a phone to use facial recognition technology to log-into the banks’ system. Additionally, they will be rolling out a retirement planning portal and offering digital financial planning tools to help their customers to manage their money. With an ever-changing global economy, Singapore is making strides to modify and incorporate systems and programs that can evolve with the times.
Amid one of the greatest disruptions ever witnessed in our time, we are more cognisant than ever about the importance of leveraging digital technology,” Jeremy Soo, head of consumer banking group at DBS Singapore.