DBS unveils new digital planning tools to boost financial resilience
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
