DBS Tech India, Hyderabad | Generated by AI
DBS Tech India, located in Hyderabad, Telangana, serves as the global technology hub for DBS Bank, a leading financial services group in Asia. Initially established as DBS Asia Hub 2 in 2016, it was rebranded to DBS Tech India in 2022 to reflect its transformation into a world-class engineering organization focused on driving digital innovation and delivering cutting-edge banking solutions. The hub plays a pivotal role in DBS Bank’s strategic technology initiatives, aiming to revolutionize banking through advanced technology and software-enabled platforms, enabling customers to “Live more, Bank less.”
Establishment
DBS Tech India was established in 2016 as DBS Asia Hub 2, the bank’s first offshore technology development center outside Singapore. It was created as a wholly-owned subsidiary with an initial paid-up capital of Rs 70.5 crore to strengthen DBS’s technological capabilities across Asia and support its digital banking strategy. Hyderabad was chosen due to its robust ecosystem for technology innovation and access to a vast talent pool.
Evolution
Since its inception, DBS Tech India has evolved from a cost-focused technology center into a value-driven engineering hub. Key milestones in its evolution include:
- 2018: Recognized with the Zinnov Centre Transformation Award for its rapid shift from a cost center to a value center, building over 200 live Application Program Interfaces (APIs) and fostering a strong ecosystem with 50 live partners.
- 2020: Moved to a modern office in the Skyview Building, spanning 190,000 square feet, designed to foster innovation with a tech-centric workspace. This office, an extension of DBS’s Singapore operations, won the Asia Pacific Property Awards 2020 for Office Interior.
- 2022: Rebranded from DBS Asia Hub 2 to DBS Tech India, signaling a strategic focus on becoming a technology company with a product mindset. The hub onboarded 600 fresh graduates, emphasizing talent development to support DBS’s digital transformation goals.
- Ongoing Innovation: The center has shifted its focus to building world-class engineering teams, experimenting with emerging technologies, and delivering digital solutions to enhance customer experiences, such as providing an entire bank on customers’ phones.
Current Size
As of 2022, DBS Tech India employs over 4,000 tech professionals across two facilities in Hyderabad: Skyview in Hitech City and Waverock in the Financial District, with a total capacity of 3,600 seats. The workforce has grown significantly, tripling from 1,200 employees before the COVID-19 pandemic to 3,600 by July 2022, with an additional 600 fresh graduates onboarded that year. The hub continues to expand its talent pool to support DBS’s global technology and digital banking initiatives.
DBS Tech India remains committed to nurturing technology talent, fostering a startup-like culture, and leveraging Hyderabad’s tech ecosystem to drive DBS Bank’s vision of being a technology-driven financial services leader.