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HONG KONG,14 April 2020 -

DBS Hong Kong is transforming the traditional business account opening process for SMEs into a fully virtual and contact-free banking experience that can be completed in as quickly as just two days, anytime and anywhere.

By making business account opening as simple and convenient as possible, the online fast-track solution enables our SME customers to enjoy a virtual, contact-free and hassle-free experience with video conferencing function to meet our Relationship Managers online. 

Alex Cheung, Managing Director and Head of Institutional Banking Group, at DBS Hong Kong, said, “As a leader in SME banking, DBS Hong Kong understands the needs of SME customers, especially in the current challenging environment. We have consistently supported sustainable SME growth, and we believe our latest innovative solution greatly enhances the business account opening experience, helps ease the burden on SMEs, and enables them to focus on growing their business.”

SMEs incorporated and with a registered address in Hong Kong, with up to four directors and no corporate shareholders, and all with valid Hong Kong permanent identity cards, are eligible for the fast-track online business account opening solution, which is currently being run as a pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”) until 15 June.

Selected SMEs are invited to experience this exciting solution before the public release and will receive up to HK$9,900 incentives for successful application completion and post-application survey completion.

For more details, please email at fasttrack@dbs.com or call our BusinessCare hotline (852) 2290 8068* (select language and press “9” to reach our BusinessCare customer service representative)

* BusinessCare Hotline hours of operation: Mon to Fri: 9am-6pm and Sat: 9am-1pm (excluding Public Holidays)

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About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is 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 “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “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 11 consecutive years from 2009 to 2019.

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 28,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

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