DBS to invest S$20 million over 5 years to transform employees into digital bankers

DBS to invest S$20 million over 5 years to transform employees into digital bankers

DBS file photo
File photo of a DBS building. (Photo: AFP)

SINGAPORE: DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.

The move is in support of Singapore's vision to be a Smart Nation which Prime Minister Lee Hsien Loong highlighted during his National Day Rally speech, it said in a press release on Monday (Aug 21). 

The broad-based programme will include artificial intelligence (AI)-powered e-learning. AI can make personalised course recommendations for employees and help them to collaborate and engage in mobile education at any time or place across the bank, it said.

Employees can also try experiential learning, where they will be able to go on paid sabbaticals to work on prototypes and start their own businesses. Accelerator programmes will provide mentorship and funds for intrapreneurs. 

Staff can likewise apply for grants and scholarships to upskill themselves in emerging technologies like data and analytics, design thinking and automation, the bank said. Innovative learning spaces, like the DBS Academy and DBS Asia X, are also part of the programme, where employees have access to digital master classes, or work in collaboration with start-ups and the broader fintech community. 

Group head of human resources, Ms Lee Yan Hong, said the bank is committed to "helping our people adapt and embrace digital transformations through innovative and immersive continuous learning programmes". 

DBS is making "significant investments to groom a generation of digital bankers", thus strengthening Singapore's talent pool, she added.

Source: CNA/ad