WatersTechnology Asia Awards 2020: Best Use of Alternative Data—DBS Bank

Already a category winner on the innovation front, DBS Bank wins the award for the best use of alternative data in the inaugural WatersTechnology Asia Awards. DBS’ win comes on the back of it implementing palm vein technology for PayLah! payments, the bank’s mobile banking wallet, creating token records unique to each individual customer for authentication in cashless payment transactions. According to DBS, palm vein technology is more accurate and easier to use compared with other forms of

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