DBS 'open' to investing in startups, CEO says

"DBS Group Holdings is open to investing in digital economy startups and forging partnerships to gain access to new customers, according to the chief executive of Southeast Asia's largest bank.

Speaking in an interview with the Nikkei Asian Review, Piyush Gupta said that in the future 'banks [will] have to work for partnership models' rather than hew to 'the pipeline business' in which banks funnel loans to clients. Gupta is particularly interested in 'distribution partnerships' that can help DBS spread its products and services and acquire more customers."

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