DBS appoints new digital head for institutional banking business

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DBS Bank, recognised as one of the world’s leading digital banks, today announced that Raof Latiff will join DBS as the Head of Digital for its Institutional Banking Group.

Latiff will play a strategic role to further strengthen the bank’s digital suite of products and services for large corporate customers and small business owners. He will report to John Laurens, DBS’ Head of Global Transaction Services, and Ng Peng Khim, DBS’ Head of Technology and Digital Innovation, Institutional Banking Group.

Latiff was the Regional Head of Product Management, Global Liquidity and Cash Management, Asia of HSBC, based in Hong Kong previously. Prior to HSBC, he spent almost two decades in Citi and JPMorgan, holding senior roles in cash management and treasury. He is also the co-founder and Chief Technology Officer of Hilo Online, a personal cloud-based wellness record management platform.

Said Laurens, “Digital corporate banking is at the core of our transaction banking strategy and the way in which we will further strengthen our institutional banking franchise. The development of digital propositions is rapidly reshaping the manner in which we work with customers. We aim to create value across our clients’ commercial and financial operations and support their transformational change objectives. We are therefore delighted to have Raof on board to lead the further development of our digital strategy and drive its execution across our corporate, institutional and wholesale banking businesses.”

DBS has been investing in digital innovation to deliver cutting-edge, industry-leading solutions centred around increasing efficiency, enhancing risk management and reducing costs for customers. Earlier this month, DBS partnered with MSIG to bring instant claims payments to Singapore’s travel insurance sector through the bank’s new Application Programming Interface (API) called DBS IDEAL RAPID. DBS’ corporate banking mobile platform includes a digital token feature which eliminates the need for physical tokens, making mobile banking simpler and more convenient for corporate treasurers and small business owners. SMEs can also start their business, apply for business accounts and loan products on the go with a slew of online solutions from DBS.