DBS Won Gold Award for the Branch Innovation this Year for GRGBanking VTM Solution

DBS/POSB Video Teller Machines (VTMs) Project was awarded the Branch Innovation of the Year (Gold) in the 12th “Asian Banking and Finance Awards 2017”.




On 13th July, the event drew over 260 banking and insurance executives from 30 countries attended the Asian Banking and Finance Awards 2017 which held at the Shangri-La Singapore. DBS/POSB stands out with groundbreaking Video Teller Machines to provide the amazing self-service despite the various challenges the banks are facing.


The bank, with its innovative solution provider GRGBanking, launched the first batch of VTMs in Singapore last April across nine locations. With the GRGBanking VTM, customer can apply for debit cards, perform balance enquiries and money transfer, as well as obtain internet banking token on the spot. And they have the option to receive virtual teller assistance via live-video streaming.



Jeremy Soo, managing director and head of consumer banking group at DBS Bank, says that aside from the convenience of virtual assistance, their new VTMs provide convenience through round-the-clock branch banking services. Customer service officers are available as an option via live-video daily from 8:30am to midnight.


GRGBanking VTMs play an important role to help DBS/POSB branches become more productive and efficient by migrating human traffic from the traditional human tellers to the video tellers.


About GRGBanking

GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market. GRG specializes in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG’s various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.