Singapore's largest bank DBS, has vowed substantial financial investment to equip its employees with digital banking and emerging technology expertise.
The Monetary Authority of Singapore's vision to create a Smart Financial Centre where technology is used pervasively in the financial industry to increase efficiency, create opportunities and better manage risks is a key driver for the bank.
Up to S$20 million will be ring fenced to groom its 10,000 Singapore-based employees over the next five years according to a press release from the bank.
Last year the bank opened a stand alone innovation hub, DBS Asia X.
Digital Bankers
Located at the Sandcrawler Building in Fusionopolis, it is a 16,000 square feet facility for DBS employees from all over the region to come together and work in close collaboration with start-ups and the broader fintech community.
«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,» said Lee Yan Hong, DBS Bank's group head of human resources.
«We are making significant investments to groom a generation of digital bankers, strengthening Singapore's talent pool,» added
