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DBS sees biggest threat from internet players like Alibaba, Tencent

Singapore bank to launch mobile-only service in Indonesia this year

A DBS booth is seen at the Singapore Fintech Festival in Singapore November 16, 2016.

SINGAPORE (Nikkei Markets) -- When it comes to digital services, Singapore's largest lender is more concerned about recent entrants such as Alibaba Group Holding's Ant Financial Services than about advances at traditional banks.

David Gledhill

The need to fend off competition from this new segment will drive DBS Group Holdings' investment in technology, said David Gledhill, group chief information officer.  

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