DBS to provide in-depth fintech training to young professionals
DBS Bank has partnered Infocomm Media Development Authority (IMDA) to create the first financial technology (fintech) training programme under the SkillsFuture TechSkills Accelerator (TeSA) initiative.
The programme will groom and prepare young professionals for the financial services sector in the areas of agile development, DevOps, information security and data analytics.
DBS is the first bank to partner with IMDA. It plans to train over 85 young professionals in these technology skills, under TeSA’s Company Led Training (CLT) programme.
“Banks of tomorrow will look very different from the ones today. In order for Singapore to maintain its competitive edge as a leading Asian financial hub, it is crucial that we focus on building a strong talent pool with the right technology and innovation skillsets,” said James Loo, Executive Director, Group Human Resources, DBS Bank.
“Partnering with IMDA to create these training programmes will present a valuable opportunity for the next generation of passionate digital bankers, as well as build a strong Singapore core of fintech professionals.”
This collaboration comprises the launch of the new DBS Skills Enhancement and Education (SEED) Programme; and the ongoing DBS Business Analytics Graduate Immersion Programme that launched in 2013.
The 12-month DBS SEED Programme is open to Diploma or Degree holders, who have graduated in information technology or science, technology, engineering, mathematics-related disciplines for less than three years.
Selected trainees will join the bank’s technology and operations department, where they will gain exposure and experience through on-the-job training and assigned projects while being mentored by senior technology managers at DBS. They will also learn how the bank is applying technology to create a digital and agile environment.
So far, the programme has been well-received by fresh professionals and gathered overwhelming responses for participation.
Graduates of the SEED programme can look forward to exciting job prospects in the banking and finance sector, as well as the growing fintech sector in Singapore. Top performers in the SEED programme will be groomed to become future technology leaders in DBS.
As the digital revolution redefines the banking industry, DBS is committed to equip employees with the relevant skills and mindsets to help them navigate a fast-changing landscape.
Last month, the bank announced that it is investing S$20 million over five years in a broad-based programme to skill its employees in digital banking and emerging technologies, enabling them to thrive in the digital economy and adapt to the future of work.
Each year, up to 150 DBS interns, new graduates and young professionals are also put through various training initiatives where they can immerse in new technologies, a start-up culture, agile methodology and other digital working concepts, in addition to accelerated training, job rotations, networking sessions and mentoring from senior leaders.