Network for Electronic Transfers (NETS), Singapore’s leading payment services group, has announced the appointment of Alex Woo as the new CEO of Banking Computer Services Private Limited (BCS), effective immediately. BCS, a wholly owned subsidiary of NETS, is responsible for managing key payment systems such as FAST, Interbank GIRO, eGIRO, PayNow, and the SGQR Central Repository.
Woo, who previously held senior roles at DBS, brings over three decades of leadership experience in technology operations and infrastructure resiliency. His appointment is seen as a strategic move to enhance innovation and efficiency in Singapore’s payment ecosystem. Lawrence Chan, Group CEO of NETS, stated, “Mr Woo is a veteran technology leader with a proven track record in driving transformative initiatives and leading organisational change.”
Woo expressed his enthusiasm for the role, stating, “I am excited about the opportunity to lead the team at BCS and work with the wider NETS Group as well as industry players to contribute to a more robust and resilient payment scene.”
Before joining BCS, Woo served as Technology Chief Operating Officer and Managing Director at DBS, and also led DBS Technology India and PT DBS Bank Indonesia. His educational background includes a Master of Business Administration from Henley Management College and a Bachelor of Science in Computer Science and Information Systems from the National University of Singapore.
The appointment marks a new phase for BCS as it aims to strengthen Singapore’s national clearing and payment infrastructure under Woo’s leadership.
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