[SOLVED] Development Bank

“Rebooting Banking” Case Study: Development Bank of SingaporeInstructionsRead the Development Bank of Singapore case study and respond to these prompts in no more than 1,000 words:a. Are the strategic responses by DBS to the threat of tech companies appropriate? Are they effective? What else could DBS do?b. What challenges do you think Piyush Gupta will face in steering the four-decade-old DBS against, for instance, a four-year-old technology start-up?c. Outline a high-level strategy that DBS might devise to counter the threat of disintermediation posed by decentralized, peer-to-peer banking services. Be creative!