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In a bid to create a more digital mindset among its employees, DBS has initiated a new approach to talent development.
At the DBS MegaHackathon last week, the bank brought together 150 DBS employees and startups from around the region to tackle business and societal challenges.Employees were encouraged to create prototypes alongside startups.
The hackathon served as a sandbox for employees to experiment like a startup, utilising lean startup methodology and human-centred design to identify and act on opportunities quickly. It also provided startups with the opportunity to interact with like-minded peers, understand business realities and showcase their capabilities.
This initiative made DBS the first organisation in Singapore to build hackathons into its talent development programme.
DBS CEO Piyush Gupta, DBS chief innovation officer Neal Cross, DBS head of group human resources Lee Yan Hong and venture capitalist Jeffrey Paine served as judges at the DBS Megahackathon.
By making innovation a key focus of its talent development programme, DBS aims to also equip its employees with skills and knowledge to shape the future of banking.
“We are committed to providing opportunities for our employees to learn, develop and excel in their careers,” Lee Yan Hong said.
“As the bank embarks on its digital journey, it is essential for us to innovate and find new ways to groom the next generation of digitally-minded leaders through exposure, education and experiential learning.”
The five-day DBS MegaHackathon took place from 23-27 March.
The event kicked off with a two-day workshop to help DBS employees adopt a digital mindset and an outside-in approach to the customer journey.
This was followed by a three-day hackathon where bank staff and startups teamed up to create 19 prototype mobile apps to better engage customers in an increasingly mobile world.