DBS Consumer Banking Group Products | Generated by AI
Question: What are the major products in the Consumer Banking Group (CBG) department at DBS Bank?
Answer:
The Consumer Banking Group (CBG) at DBS Bank, also commonly referred to as the Consumer Banking/Wealth Management segment, focuses on retail and individual customers. It provides a wide range of personal financial products and services designed for everyday banking, wealth accumulation, protection, and borrowing needs.
Major products include:
- Deposits and accounts: Current accounts, savings accounts, and fixed deposits.
- Loans and financing: Personal loans, home loans/mortgages, consumer finance, and other credit facilities.
- Cards: Credit cards, debit cards, and related payment solutions.
- Payments and remittances: Digital payments, fund transfers, and international remittances.
- Investments: Mutual funds, robo-advisory portfolios (e.g., digiPortfolio), structured products, and other investment options.
- Insurance (bancassurance): Life insurance, general insurance, and protection products distributed through the bank.
- Wealth management services: Tailored solutions for affluent clients, including DBS Treasures and DBS Private Bank offerings, such as portfolio management and ESG-focused investments.
- Digital banking platforms: Mobile and online banking apps (e.g., DBS digibank, iWealth) for seamless access to all the above.
These products are supported by a strong emphasis on digital innovation, making DBS a leader in consumer digital banking in Asia. The group serves customers across key markets like Singapore, Hong Kong, China, Taiwan, India, and Indonesia.
References:
- DBS Bank Official Careers Page - Consumer Banking Group
- DBS Annual Report References (e.g., 2024 Consumer Banking/Wealth Management)
- GlobalData Company Profile - DBS Group Holdings Ltd
- Forbes Company Overview - DBS
- Reuters Company Profile - DBS Group Holdings Ltd