DBS Bank has launched its new learning, centre called DBS Academy, to train talent for Singapore’s finance industry.

The lender said that the move is part of its commitment to help Singapore build on its position as the region’s knowledge hub.

The 40,000 square feet centre will aim to set a benchmark for innovative learning spaces and approaches in Asia, the lender said in a statement.

The centre will conduct over 10,000 training sessions each year and employees will have access to a wide selection of courses, such as scenario-based leadership development programmes and digital master classes.

The new DBS Academy will also feature a consumer banking simulation branch where employees can access latest technology that makes banking more seamless for its customers.

Additionally, DBS will launch a new programme called DBS SkillsFlex, where all employees who are senior associates or ranked lower will get S$500 worth of DBS SkillsFlex credits annually for training courses, the statement added.

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These employees can also participate in 50 courses customised for DBS by NTUC Learning Hub in addition to the 10,000 courses in the SkillsFuture Credit Course Directory.

The courses will include topics that are related to social intelligence, computational thinking and new media literacy.

DBS Bank chairman Peter Seah said: "At DBS, we believe in growing our own talent, developing our people not just for present needs, but for future ones as well. This is not only important for the bank, but for the industry as a whole as competition intensifies.

"We need to promote continuous learning in order to build a future-ready workforce and a strong talent pool that will help shape the future of DBS and the future of banking."