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On 15 April 2010, DBS Bank launched digibank to both DBS and POSB customers. It allows customers to view their banking and credit card accounts, transfer funds and pay bills via their mobile phones. Customers using digibank will be protected by DBS Bank's 'money-safe' guarantee.
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A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
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On October 5, 2004, DBS Bank (Hong Kong) Limited announced that, during the renovation of its branch in Mei Foo Sun Chuen, in Kowloon, when the bank attempted to remove more than 900 empty safety boxes from the branch, 83 safety boxes rented by customers and containing valuables were accidentally removed.
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POSB Bank, often known as POSB, is a Singaporean bank offering consumer banking services. It is the largest and oldest local bank in continuous operation in Singapore with over four million customers.