These problems include:
DBS Treasury Prism was custom-built to address these challenges, by giving CFOs and corporate treasurers the ability to independently experiment with cash and liquidity management structures and analyse the relative benefits and costs. The bank-agnostic platform takes into account the regulatory and tax environment in the markets where the company operates in, and offers immediate and contextual insights to help them understand the implications that each solution has on the business. Users can create simulations of account and liquidity structures across multiple markets and compare each solution through a quantified assessment of its cost and benefits. The combination of digital solutioning and contextual insights results in a value-rich experience for treasurers as they explore potential opportunities and solutions. John Laurens, DBS’ Head of Global Transaction Services said, “CFOs and corporate treasurers increasingly come to DBS for digital advisory services and to co-create digital business solutions with their financial and commercial operations. The nature of these digital engagements have elevated the partnership between transaction bankers and treasury and finance professionals well beyond the conventional bank-customer interaction. DBS Treasury Prism is a product of innovation and customer-centred digital engagement. Finance and treasury professionals have therefore shaped the platform through ideation, development and beta testing stages and will continue to drive the agile development of DBS Treasury Prism.”
Roshan Mathew, DBS India Head of Global Transaction Services said, “DBS Treasury Prism is an example of the revolutionary approach that DBS has taken towards digital transformation, both within the bank and in the solutions we offer to our customers. This bank-agnostic platform gives CFOs and corporate treasurers access to information they need in real-time and helps them simulate different accounts, and model liquidity structures in a range of currencies, taking into account, tax and regulatory implications in Asia, Europe and the US. The solution lives up to our brand promise of making banking invisible, and puts the power quite literally back in to the hands of the corporates”.
Some of the key features of DBS Treasury Prism include:
Building simulations and quantifying benefits
Treasurers often receive multiple cash management proposals from banks; determining the best solution is challenging as the benefits are not always clearly evident. DBS Treasury Prism empowers treasurers by enabling them to simulate various structures for a range of international currencies, taking into account the tax and regulatory implications in over 20 markets including key financial centres in Asia, Europe and the US. Each simulation features an Optimisation Score derived from a smart algorithm that takes into account the interest yield and debt, tax, bank fees and corporate costs, helping users quantify the benefits of each structure. The dynamic online platform is equipped with over 30 liquidity and transactional flow management tools, including bank solutions and corporate tools such as interest optimisation, notional pooling, instant payments, and payments and receivables management, all supported by real time insights. In addition, the platform has an 'Optimise' feature that recommends alternative structures for users to explore and consider. Access to contextual insights in real time
Keeping up-to-date with the latest changes in regulations and tax is time-consuming and challenging. The platform solves this problem by pulling current tax and regulation updates in over 20 markets globally, providing users with contextual insights in real time as they create simulations. DBS Treasury Prism also features a Knowledge Centre with articles on emerging trends, new solutions and the latest market practices in treasury and cash management, giving treasurers a full breadth of information.
About DBS
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for nine consecutive years from 2009 to 2017.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
