CIMB Group makes multimillion dollar pledge toward digital talent

One of the largest banking groups in Malaysia has pledged over US$18 million to equip its workforce with the necessary knowledge and skills to embrace its digital aspirations.

 Over the next three years, CIMB Group Holdings – the parent of CIMB Islamic –  will allocate RM75 million (US$18.81 million) to the CIMB 3D Academy, which will train the bank’s 36,000-strong workforce, across all levels and departments, to adapt to the changing digital-driven financial industry through approximately two million staff learning hours by December 2019.

The curriculum, to be delivered primarily through a digital and interactive platform, will be designed to mould new roles including a core group of roles such as agile leader, agile coach, scrum master, scrum product owner, and tech geek. Other digital-centric roles include data scientist, data engineer, data analyst, design thinker, UI/UX designer, as well as digital marketer. The modules will be developed both in-house and by external curriculum developers.

“With the Fourth Industrial Revolution fast eclipsing existing digital revolution, we want to make CIMB the most powerful incubator possible for the development of talent, to propel the group’s next growth phase,” said Group CEO Zafrul Aziz. “In tandem with the digitization of our core with a data-first principle, the CIMB 3D Academy is a crucial component to help us develop a workforce with the right skillset to help achieve our digital ambitions.”

 

CIMB 3D Academy – digital, data, disruption

The 3D Academy’s objectives are three-pronged: to enhance the digital quotient in all job roles; to enable the Group’s digital transformation; and to build an agile, innovative, tech-savvy workforce across the board. To this end, its competency framework will be anchored on various pillars including digital world awareness; agile and entrepreneurial thinking; and data science and analytics/data-driven decision making.

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