DBS on Monday (Oct 10) announced the launch of a new programme, the DBS FinTech Apprenticeship Programme, a three-year apprenticeship programme to prepare polytechnic students for technology roles in the bank.
Developed in collaboration with Temasek Polytechnic and Nanyang Polytechnic, the programme will take in 20 students this year for a start, while plans are underway to scale up the programme for more students across all five polytechnics in Singapore in the coming years.
Students from year one to three will get the opportunity to attend masterclasses delivered by the bank's senior engineers to gain exposure to how technology is being deployed in the banking and financial sector. Those in year two will receive mentorship from the bank's senior engineers during their school-based project, which are designed to provide greater exposure to how technologies such as artificial intelligence/machine learning (AI/ML) and blockchain have been reshaping banking and finance.
Final year polytechnic students will participate in a full-time apprenticeship with DBS for up to 12 months, with opportunities for placement in technical roles such as application development, AI/ML, data and risk technology.
Post-graduation from the programme, students will go through a final technology hackathon before they are considered for direct placement in a permanent role with DBS.
Peter Lam, principal and chief executive of Temasek Polytechnic, thinks the programme provides a unique and important opportunity for students to work with and be mentored by DBS staff in a real-world environment.
"Being immersed into the work culture in banking and fintech is an excellent way for our students to deepen their understanding of tech job roles within the finance industry," he added.
Jimmy Ng, group chief information officer and head of technology and operations at DBS, also hopes the new collaboration will encourage the birth of more industry-educational partnerships - a move he believes will become increasingly important for nurturing the next generation of future-ready talent.