DBS Bank said on Monday it is investing S$20 million over the next five years to train its Singapore-based employees with skills in digital technologies.
Singapore's biggest lender said the move supports Prime Minister Lee Hsien Loong's call at Sunday's National Day Rally to do more to make city-state a Smart Nation.
"DBS's programme 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," DBS said.
The program launched by DBS involves artificial intelligence-powered e-learning, which can be accessed 24/7; Experiential learning, such as intrapreneur programmes and hackathons Grants and scholarships Innovative learning spaces.
In the area of artificial intelligence-powered e-learning, DBS said it has launched a new cloud-based learning management system called DBS Horizon.
It uses artificial intelligence to make personalised course recommendations and help employees collaborate, create communities of interest and engage in mobile education anytime, anywhere across the bank.