SINGAPORE - DBS Bank has partnered Infocomm Media Development Authority (IMDA) to create the first fintech training programme under the TechSkills Accelerator initiative (TeSA).
The programme will groom young professionals skilled in agile development, DevOps, information security and data analytics for the financial services sector, the partners said in a media release on Friday (Sept 15).
DBS is the first bank to partner with IMDA to train over 85 young professionals in these technology skills, under TeSA's Company Led Training (CLT) programme. Its collaboration will involve the bank's new DBS Skills Enhancement and Education (SEED) Programme and its ongoing DBS Business Analytics Graduate Immersion Programme (BAGIP).
Said DBS Bank's executive director of group human resources James Loo: "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."
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.
Its trainees will join the bank's technology & operations department and will gain exposure and experience through on-the-job training and assigned projects while being mentored by senior technology managers at DBS.
Top performers in the SEED programme will be groomed to become future technology leaders in DBS, said the bank.
The DBS BAGIP, launched in 2013, is a 12-month accelerated programme that focuses on developing core analytical skills essential to business growth. In the last two to three years, more than 30 young professionals have been trained.
The TechSkills Accelerator, launched last year, is a tripartite initiative between the government, industry and the National Trades Union Congress (NTUC), to build and develop a skilled information and communications technology (ICT) workforce for the Singapore economy.