DBS-Manulife tie-up to splash cash on tech
Singapore's DBS and Canada's Manulife kicked off their 15-year bancassurance agreement by announcing plans to strengthen their electronic distribution platform.
Singaporean bank DBS and Canadian insurer Manulife will jointly invest S$100 million ($70 million) in technology to enhance product distribution under the 15-year tie-up they began this week. One move will be to enable relationship managers to service customers on the move and outside typical branch operating hours.
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