17 November 2017
visit www.aciworldwide.com

DBS to invest SG$20 million to create digital workforce

22 August 2017  |  6555 views  |  0 Business meeting finger pointing on chart close up

Singapore's DBS is to invest SG$20 million over five years on a new 'digital curriculum' to educate its 10,000 Singapore employees on disruptive trends and emerging technologies that are reshaping financial services.

DBS, which likes to bill itself as a global 20,000 person startup, has been working hard at breeding an innovative culture at the bank, partnering staff with fintech startups in corporate hackathons and running agile development workshops in a 40,000 square foot 'learning centre', packed with new technological tools and training facilities.

Furthering its ambitions, the bank has launched a new cloud-based e-learning platform called DBS Horizon. Using technology from Saba, the system uses artificial intelligence to make personalised course recommendations, and help employees collaborate and create communities of interest around a particular topic.

The bank is also giving employees the opportunity to go on paid sabbaticals to work on prototypes, start their own businesses and undertake shcolarships to further their skills in emerging technologies such as data and analytics, design thinking, and automation.

Lee Yan Hong, group head of human resources, DBS Bank says: “As the financial sector evolves, the profile of jobs will change and we are committed to helping our people adapt and embrace digital transformation through innovative and immersive continuous learning programmes. We are making significant investments to groom a generation of digital bankers, strengthening Singapore’s talent pool.”

Re-training the workforce has become a priority issue for the HR teams at incumbent banks the world over. Earlier this month, Australia's Westpac revealed that it has created an inhouse IT University to provide staff across the bank with 2500 modules and primers on new developments in computing and agile delivery.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Westpac launches Tech University to re-skill workforce

Westpac launches Tech University to re-skill workforce

15 August 2017  |  5863 views  |  1 comments | 9 tweets | 9 linkedin
DBS fintech accelerator switches to 'always on' mode

DBS fintech accelerator switches to 'always on' mode

22 June 2017  |  8204 views  |  0 comments | 3 tweets
DBS launches hackathon to identify top coding talent

DBS launches hackathon to identify top coding talent

20 February 2017  |  5117 views  |  0 comments | 3 tweets | 1 linkedin
DBS looks to the cloud to become more 'fintech-like'

DBS looks to the cloud to become more 'fintech-like'

28 July 2016  |  9269 views  |  0 comments | 11 tweets | 12 linkedin
DBS bids to create 'fintech workforce' with Office 365 roll out

DBS bids to create 'fintech workforce' with Office 365 roll out

28 June 2016  |  5764 views  |  1 comments | 8 tweets | 8 linkedin
DBS opens digital-heavy staff learning centre

DBS opens digital-heavy staff learning centre

18 December 2015  |  6058 views  |  0 comments | 4 tweets | 4 linkedin
DBS pledges S$10 million to support Singaporean startup ecosystem

DBS pledges S$10 million to support Singaporean startup ecosystem

04 December 2015  |  7000 views  |  0 comments | 8 tweets | 4 linkedin
DBS to launch Hong Kong startup accelerator

DBS to launch Hong Kong startup accelerator

28 April 2015  |  7317 views  |  0 comments | 11 tweets | 2 linkedin
DBS hackathon pairs inhouse employees with startups to inculcate 'digital mindset'

DBS hackathon pairs inhouse employees with startups to inculcate 'digital mindset'

07 April 2015  |  6005 views  |  0 comments | 6 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit https://www.niceactimize.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
11244 views comments | 15 tweets | 28 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
9510 views comments | 20 tweets | 36 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
8265 views comments | 11 tweets | 35 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
7258 views comments | 26 tweets | 37 linkedin
Visa bids to bring contactless transit payments to the worldVisa bids to bring contactless transit pay...
7132 views comments | 16 tweets | 29 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job