DBS

DBS will also help Stripe manage liquidity and cash positions across its corporate entities.

In Singapore, DBS Joy now offers agentic features to 350,000 corporate users. Another 100,000 users in Hong Kong are due to get the features in September.

The financing package includes a US$456 million syndicated loan and an another US$400 million facility that is being arranged.

DBS also released an AI guide called Implementing AI for Impact, after a DBS survey of 730 companies found 39% wanted expert advice on using AI.

C-beauty gains ground on South Korean rivals in Southeast Asia. Plus, DBS squeezes fintech players with higher transaction fees.

The move raises a barrier on local and foreign fintech firms looking to scale in Singapore, which touts itself as a financial hub.

The collaboration began with Granite Asia’s closing of a US$110 million IPO fund focused on AI companies.

The bank has integrated AI across its operations for more than a decade, with around 370 use cases powered by over 1,500 models.

The bank’s hybrid AI and physical engagement model gives customers more control over their finances and investments amid market volatility.

Under the agreement, DBS PayLah! users will be able to scan Alipay+ QR codes for payments at over 150 million merchants in more than 100 markets.