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DBS to spend S$20 mn to train its employees

DBS Bank is investing S$20 million over the next five years to help its 10,000 Singapore-based employees to embrace new technologies, as Singapore goes ahead with its Smart Nation vision. The bank said the financial sector is an integral part of this vision. It said the program supports 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, better manage risks, and improve lives. Lee Yan Hong, group head of human resources at DBS Bank, said that the profile of jobs would evolve with the sector and the bank needs to help its staff embrace digital transformation through continual learning programs. The program revolves around a 24×7 artificial intelligence-powered e-learning, experiential learning, such as intrapreneur programs and hackathons, grants and scholarships, and innovative learning spaces.

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