Early start to branch management at UOB branch at SP
United Overseas Bank (UOB) today announced it has launched Hangout@UOB, a new branch concept designed and managed by Singapore Polytechnic (SP) students. Hangout@UOB is the result of an ongoing collaboration between UOB and SP to provide students with the opportunity to gain vital work experience and to build a strong foundation for their careers.
The first step in the collaboration involved 40 lecturers and students from different schools such as Business and Media, Arts and Design coming together to create a space to call their own. They participated in a one-day Design Thinking1 workshop alongside teams from UOB to identify the features within the space that would suit the needs and interests of the polytechnic community. The workshop participants put together a list of preferred design elements, which students from the School of Architecture & The Built Environment and School of Business used to design Hangout@UOB.
UOB gave the students free reign to decide on the aesthetic and functional design elements of the branch such as the layout, colours, furniture styles and the use of gamification for engagement. The four-week design process enabled these interior design and architecture students to put into practice the skills they have learnt in school. UOB then built the space based on the final concept presented by the students.
Ms Jacquelyn Tan, Head of Personal Financial Services Singapore, UOB, said the Bank’s approach to Hangout@UOB was to collaborate with the different members of SP’s ecosystem to create a space that serves the needs of the polytechnic’s community.
“We knew that we had an opportunity to create a branch concept at Singapore Polytechnic in tune with the students’ preferences of combining digital services with a space of their own. We also know that while the students are digital natives, they wanted an inviting space where they could gather to find out more aboutspecific banking solutions before applying for them online. As such, it was important that the final design integrated both the offline and online engagement preferences of the students, which is in keeping with the Bank’s omni-channel strategy.
“We also wanted Hangout@UOB to go beyond serving the students’ banking needs and to engage them more deeply by contributing to their curriculum and growth. By partnering Singapore Polytechnic, UOB has been able to deepen the students’ learning experience beyond the classroom to the real world. What started as a blank space for students to test their design skills has resulted in a striking new concept branch by the students for the enjoyment and to meet the needs of the Singapore Polytechnic community,” Ms Tan said.
Ms Tan Yen Yen, Director of School of Business, SP, said, “Hangout@UOB was unlike any class assignment which the students had done. The project provided a very authentic learning experience for students to apply what they have learnt in the classroom to a real project. Students were able to build a branch from the ground up and were given the opportunity to co-manage Hangout@UOB with UOB staff.”
First bank branch in Singapore featuring AI for social engagement
In keeping with the SP students’ need for digital engagement, UOB has installed a digital wall within the branch which uses artificial intelligence (AI) for social engagement. The Bank is the first in Singapore to enable AI for social engagement in a branch. Students can play interactive digital games that use facial and body recognition technology to complete different challenges such as matching their facial expressions with emoticons that appear on-screen. UOB worked with AI firm SenseTime and its partners to develop the concept and game content for the digital wall.
The students also wanted Hangout@UOB to be a social space where they could interact with one another between lectures. As part of this, Hangout@UOB will be used as a venue for student outreach programmes such as financial literacy workshops and talks with experts in innovation, entrepreneurship and career guidance.
Learning on the job
Hangout@UOB is managed by SP students from the School of Business under the supervision and mentorship of UOB staff. These students will complete a 22-week stint at the branch during which they are trained in different aspects of branch management from operations and customer experience to risk and compliance. The interns working at Hangout@UOB will assist fellow students who apply for UOB’s financial solutions online.
Ms Janet Young, Head of Group Channels and Digitalisation, UOB said Hangout@UOB provides the opportunity for branch employees to mentor students and to promote learning at the workplace.
“At UOB, we have a strong emphasis on training and developing our people and are delighted to be able to extend this to the students at Singapore Polytechnic. Through their internship at the new Hangout@UOB branch concept, students gain experience in areas such as finance, customer experience management and marketing. The opportunity to work at the branch also provides them with an understanding of the customer journey across both physical and digital channels and how we engage customers through an omni-channel approach. We hope that through the experience, the students will stand out for the skills and knowledge they have gained from working with us when they secure their first role out of school,” said Ms Young.
