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DBS Bank, IMDA introduce new fintech programme in Singapore

Adrian M. Reodique | Sept. 19, 2017
The programme aims to equip professionals with skills on agile development, DevOps, information security, and data analytics for the finance sector.

SEED programme trainees
Participants of the Skills Enhancement and Education programme. Credit: DBS Bank

DBS Bank and the Infocomm Media Development Authority (IMDA) of Singapore officially launched their co-developed Skills Enhancement and Education (SEED) programme last week. The programme aims to equip professionals with specialist technology skills for the banking sector.

The 12-month training programme is built on core technology skills across DevOps, Information Security, and Infrastructure Development. The programme is comprised of on-the-job training, as well as project and supplementary training with industry leaders to help participants better understand how banks are applying technology to create a digital environment.

The programme is open to degree or diploma holders in the field of information technology or science, technology, engineering, and mathematics-related disciplines of less than three years.

"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.

Moreover, the programme aims to prepare participants for the following job roles:

  •           Business Analytic - Analyst
  •           Trainee Engineer (DevOps)
  •           Trainee Engineer (Development)
  •           Trainee Engineer (Information Security)
  •           Trainee Engineer (Platform - Infrastructure)
  •           Trainee Engineer (Support)

DBS Bank will also hire and train the top performers in the SEED programme to become future technology leaders of the company.  

The SEED programme falls under the TechSkills Accelerator (TeSA) initiative, a tripartite project between the government, industry and the National Trades Union Congress (NTUC) that aims to build and develop a skilled ICT workforce in Singapore.

In addition to SEED Programme, DBS Bank is offering a Business Analytics Graduate Immersion Programme (BAGIP) for professionals in Singapore. The programme, which was launched in 2013, runs for 12 months and covers technical and business analytics training, from SAS programming and statistics analysis to using data mining techniques.

Besides that, the bank announced its plans in August to invest S$20 million over five years in a broad-based programme to upskill its employees in digital banking and emerging technologies in the financial sector.

"Finance is an important driver of Singapore's economy, accounting for more than 14 percent of our nation's Gross Domestic Product in 2016. The digitalisation of our economy brings about opportunities for the creation and delivery of new products and services. By deepening digital capabilities, banks and financial institutions here will be better-positioned to capitalise on such opportunities to grow their businesses," said Angeline Poh, assistant chief executive for Industry Development, IMDA. 

 

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