State investor Temasek Holdings owns a nearly 30 percent stake in DBS.
By Sumeet Chatterjee
UBS is the largest private bank in Asia, followed by Citigroup and Credit Suisse.
Airmed Path Labs has raised about $1.5 million (Rs 10 crore) from Brand Capital, while Japan’s Dream Incubator has made its first investment in India by injecting an undisclosed amount in Udupi-based gaming startup 99Games. Crowdfunding platform Wishberry has secured an undisclosed amount in a Pre-Series A funding round led by iSPIRT… Read more »
“One of the things Singapore based fintech firms need to do is think of the region as opposed to the domestic Singapore market,” DBS Bank CEO Piyush Gupta told DEALSTREETASIA in an interaction.
Fintech companies have brought technology-driven platforms, including big data and analytics, open architecture, and are customer centric, nimble and agile, and are always innovating and experimenting, said Gupta at the Dealstreetasia PE-VC Summit 2016.
“Last year there were about 12,000 fintech startups, and these companies have raised over $65 billion in private equity money. The single biggest PE money last year went into fintech sector – more than medtech,” Gupta said.
I faced this frustration of having ideas but nobody wanted to listen….the only ideas that were listened to were those which have been successful somewhere else. I never could make investments in activities myself, because there’s always a prospect of a conflict of interest with a Tata Group company, and I held back,” Tata said.