DBS's Sanjoy Sen explores digital currency and future M&A opportunities

Sen also discussed DBS's recent integration of Citi Taiwan's assets in just one weekend.

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SINGAPORE

The Development Bank of Singapore (DBS) is open for both the impending entrance of digital currencies and other further mergers and acquisitions (M&A) – opportunities that come streaming following its Citi Taiwan integration.

In a speaking session moderated by Asian Banking & Finance’s editor-in-chief, Tim Charlton, DBS Managing Director, Sanjoy Sen affirmed that as Singapore’s largest bank by assets, DBS is prepared for the various digital transformations taking place in the industry. “We have spent years and years, and billions of dollars re-architecting our core banking,” Sen, who is also the group head of consumer banking at DBS, said at the Asian Banking & Finance Summit 2023 held at Sofitel Singapore City Centre last 8 September.

Sen stressed the inherent nature of DBS as a technology-enabled bank, and its awareness of the necessity to craft a digital product from a customer’s perspective.