DBS Bank launches ‘mobile-only bank’ in India


The Singapore’s largest bank, DBS has unveiled the ‘mobile only bank’ in India. The ‘digibank’ uses technologies, such as bio metrics and artificial intelligence, to enable paperless, signature less and branch less bank.

This is the India’s 1st mobile only bank which targeting 5 million retail customers. The bank will leverage bio metrics-enabled ID and Aadhaar card to ensure that that there is no paperwork. It will provide customer service via a 24*7 artificial intelligence-driven virtual assistant, which understands natural language and has learning ability, so that it is able to respond in real-time. 

Account-holders will have no minimum balance requirements and will also provide a physical debit card which can be used across all Visa-enabled online and point-of-sale transactions as well as in overseas.

So let’s discuss some questions related to this post :
1. Name the bank which has launched the mobile only bank in India recently ?
2. The DBS bank is largest bank of which country ?


Courtesy : The Hindu

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