The programme will help train young professionals to become skilled in agile development, DevOps, information security and data analytics.

DBS Bank has partnered with Infocomm Media Development Authority (IMDA) to create a financial technology training programme under the TechSkills Accelerator (TeSA) initiative. The programme is based in Singapore.

The programme will help to train young professionals to become skilled in agile development, DevOps, information security and data analytics for the financial services sector, the bank said in a statement.

DBS said that it was the first bank to partner with IMDA to train to over 85 young professionals in these skills, under TeSA’s company led training programme. The training programme will be comprised of the new DBS skills enhancement and education (SEED) programme, and the ongoing DBS business analytics graduate immersion programme (BAGIP). 

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. Trainees will gain exposure and experience through on-the-job training and assigned projects, while being mentored by senior technology managers from DBS.

The DBS BAGIP, launched in 2013, is a 12-month accelerated programme that focuses on developing core analytical skills essential to business growth.

“Banks of tomorrow will look very different from the ones today, " said ​James Loo, executive director, group human resources at DBS. "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. 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.”

TeSA is a tripartite initiative between the government, industry and the National Trades Union Congress (NTUC), to build and develop a skilled ICT workforce for the Singapore economy, and to enhance employability outcomes for individuals. IMDA enhances employability outcomes through technology-focused place and train programmes, and career advisory services.