DBS Digital Transformation to Best Bank Annie Koh Robin Speculand Adina Wong 2020
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I worked as a case study for Annie Koh, an associate editor for DBS Business Monitor, and the Singapore Business Journal’s editor-in-chief, Robin Speculand and Adina Wong. I was paid SGD$1,000. The editorial is based on a comprehensive digital transformation journey by DBS Bank. “This is not just about technological change or digital innovation,” Annie says. “It’s about how to transform the bank into a digital-first entity that can be agile, nimble
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As digital transformation continues to transform many industries, banking is one of the fastest-growing industries driven by the digitization of the entire banking cycle. With the constant evolution of the digital banking landscape, DBS has embarked on a path of digital transformation to keep up with this changing digital environment. This section should contain a detailed explanation on the following topics: 1. Understanding the importance of digital transformation in banking 2. What DBS has done and plans to do to implement and execute digital transformation 3. The benefits
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DBS has been using the digital transformation strategy that I explained here in my blog post: DBS Digital Transformation To Best Bank. I talked about how it has helped them to increase efficiency, reduce costs and improve customer experience. In this research paper, I will compare and contrast how it has been implemented in two different parts of the bank: the business banking division and retail banking. Firstly, we will look at the benefits of the bank’s digital transformation strategy on retail banking, followed by the impact on the business banking division. The second section
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– Introductory paragraphs (1-3 lines): Sum up the thesis, briefly state the problem and solution, and briefly summarize the main points or objectives of the paper. – 1-3 sentences of the thesis: Provide a summary of the thesis statement or problem statement. – The rest of the introductory paragraph should focus on the main points or objectives of the paper and the evidence or examples that support these points. – Body: Start with an attention-grabbing headline, a hook sentence, or a sub
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DBS Digital Transformation to Best Bank As a bank, our digital initiatives are not just to make ourselves relevant to our clients but more importantly to embrace and leverage digital technology to drive our businesses and provide our customers with a superior and delightful banking experience. The journey of DBS’ digital transformation started back in 2010 when the bank launched its first-ever digital app, SmartShare, a digital platform aimed at delivering the bank’s product range through our app stores and through the bank’s mobile bank
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The Digital Banking Revolution (DBR) or Digital Transformation (DT) is the process of adopting new digital technologies in banks to modernise and improve their operations, product offerings, and customer experience. With banks in Singapore and globally facing increasing competition and changing customer demands, the implementation of DBR has become critical for survival and growth. Visit This Link The key drivers of the DT are increasing customer demands for innovative digital experiences, new business models, and competitive advantages in an increasingly digital world. The focus of this paper is the application of DB
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DBS Digital Transformation to Best Bank: An overview of the bank’s journey from traditional to digital banking in a five-step approach DBS bank is one of Southeast Asia’s most comprehensive and integrated banks. It is part of the DBS Group Holdings, which has been the dominant player in the financial industry for over 110 years. However, in 2012, DBS was faced with a significant challenge, that of its core business, which was threatened by digital technology. DBS’s digital bank
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DBS Digital Transformation (D3) is a digital transformation program of DBS Bank that aims to transform its core business operations and transform into a digital bank by 2020. The program incorporates various elements of digital transformation and is being implemented in phases. This report aims to provide a comprehensive overview of the initiative, including the vision, mission, goals, scope, and progress to-date. The vision DBS D3 aims to transform its core business operations by 2020. The vision