DBS wins Taiwan’s best financial institutions deal for delivering a pioneering payments and collections solution for a leading Taiwanese asset manager, Cathay Securities Investment Trust, enabling it to accelerate digital client acquisition and modernise its investment subscription journey.
The client sought to expand beyond traditional cheque-based processes and reduce reliance on a single banking channel. Slow collection and payment cycles were limiting operational efficiency and delaying access to investable funds.
Paperless onboarding reduced account opening turnaround times from weeks to a single day
To address these challenges, DBS partnered with Taiwan Clearing House to develop a bank-agnostic solution combining electronic direct debit authorisation, host-to-host connectivity and automated collections and payments processing.
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