Participants brainstorm on ideas to tackle business challenges during DBS' MegaHackathon. Credit: DBS
In a bid to inculcate the startup mindset in its employees, Singapore-based bank DBS recently hosted a hackathon for its employees, as part of its talent development programme.
The five-day DBS MegaHackathon — which took place from 23 to 27 March 2015 at Block 79, Ayer Rajah — saw 150 DBS employees creating prototypes alongside startups in the region. The event kicked off with a two-day workshop to help DBS employees adopt a digital mindset and understand the customer journey to develop solutions that caters to specific customers' needs. 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.
According to the bank, the hackathon served as a sandbox for its employees to experiment like a startup by utilising lean startup methodology and human-centered design to identify and act on opportunities quickly. It is also part of the bank's efforts to equip its employees with skills and knowledge needed for the future digital bank.
"Our industry is seeing an unprecedented pace of change and if we wish to remain relevant to our customers, our employees must embrace a culture of innovation and be intrapreneurs" said Dave Gledhill, Head of Group Technology & Operations at DBS.
Echoing Gledhill's sentiments, Lee Yan Hong, Head of Group Human Resources at DBS 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."
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