DBS Asia Hub to expand in Hyderabad

[snoww]

Hyderabad: DBS Asia Hub 2, the technology development arm of Development Bank of Singapore operating in Hyderabad, will recruit 1,000 engineers over 12-24 months in the city. With this, the total workforce in the city will rise to 3,000 from the current 2,000. DBS will invest about $ 50 million (about Rs 260 crore) for this expansion in about three years, said Mohit Kapoor, Head, DBS Asia Hub2.

About 50 per cent of the technology tools and solutions used by DBS are made in Hyderabad, he said.

 

Set up in 2016 at Gachibowli, the DBS Asia Hub 2 is the group’s largest technology and operations hub outside of Singapore. It has played a pivotal role in developing one of the largest banking application programming interface (API) platforms in the world with more than 350 APIs. The hub now employs about 1,200 people. In addition, another 800 also work form partners of DBS from the same premises, he said.

Kapoor said DBS has so far taken about 2 lakh sqft office space in the city and has now booked another 2 lakh sqft. The new addition too will accommodate additional 2,000 people. However, recruitment for 1,000 is underway. It counts hackathons, lateral entries, linkedin as the main recruitment channels. “We will be looking at engineers and software technology skills. The key areas will be cloud, data analytics and security,” he said adding that the products technology made here will be for its six markets- India, China, Indonesia, Taiwan, Singapore and Hong Kong .

With DBS Bank India Limited putting in place plans to expand its scale of operations through a phygital (physical+ digital) model, the DBS Asia Hub 2 will have to chip in with technology products. The hub was involved in the design of Digibank, a digital bank launched some two-and-half years ago. It now with about 2 million customers.

“We have grown in Hyderabad and will continue to grow,” he said. Apart of the new recruits will be in Waverock and remaining in another campus near Ikea.

DBS will be a long term player. On a query if it would consider its own campus, Kapoor said that there were no plans in this direction at this point of time. The hub, like with other technology establishments, has seen an attrition of about 12 per cent.

To a query if DBS would be keen to explore the eastern part of the city- Uppal-Pocharam side, the official said that would depend on the commute facilities. The metro rail is a big plus as of now, he said on the infra in the city.

[TOM_BHAYYA]

Gone maan.. Hyd brand image goneeee

repo maaapo AMVT ki shift chesthunnattu news osthadhi wait chey

[Spartan]

Singapore odi Banking setup AP lo kakunda ikkada pettadam endi..

breach of MoU avvada..  @psycopk

[snoww]

1 hour ago, Spartan said:

Singapore odi Banking setup AP lo kakunda ikkada pettadam endi..

breach of MoU avvada..  @psycopk

3 modi's kutra. they stopped singapore bank from coming to AP