DBS CEO Tan Su Shan addresses the impact of global market volatility and rising interest rates on the banking sector, maintaining a positive four-year outlook despite macroeconomic uncertainty. Higher interest rates serve as a structural tailwind for net interest income, while the bank leverages growth in wealth management, payments, and the booming semiconductor industry in Asia. Although nervous markets are viewed as a necessary equilibrium-finding process that absorbs bad news through short-term corrections, fee income remains subject to equity and bond market fluctuations. To combat increasing cybersecurity threats and sophisticated AI-driven attacks, the bank is adopting a "use AI to fight AI" strategy. This technological shift necessitates a comprehensive overhaul of technology architecture and workflow design, alongside a commitment to upskilling workers to navigate the evolving digital landscape.
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