DBS unveils new digital planning tools to boost financial resilience

Singapore

DBS says a third of its customers had negative cash flow in January to June 2020. The bank also says it is ramping up its suite of digital financial planning solutions and tools to empower Singaporeans for a head start in retirement planning and to boost their financial resilience.

The bank studied its pool of customers who have their salaries credited into DBS/POSB accounts and found that for one-third of them, money flowing out of their accounts on average exceeded the amount of money going into the same accounts, in the first six months of this year.