DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA), have on Friday announced an enhanced version of its Spark GenAI program to help small and medium enterprises (SMEs) accelerating their artificial intelligence (AI) transformation.

The bank said in a statement that the enhanced program reflects an iterative approach by DBS to refine Spark GenAI as business needs evolve.

This comes as demand for more structured guidance gains momentum.

Findings from the 2026 DBS Business Pulse Check Survey revealed that close to two in five SMEs (39 percent) are seeking expert advice on how to meaningfully integrate AI into their business operations.

This is in line with Singapore’s push to help enterprises adopt AI more widely and effectively under the National AI Strategy 2.0.

The enhanced program is a three-tier approach that provides more structured guidance tailored to different levels of maturity and business readiness.

Participating businesses will also receive advisory and training support, including complimentary workshops by IMDA.

They will gain access to an expanded ecosystem of solution providers through IMDA’s Open Innovation Platform (OIP), which connects SMEs to a global network of over 16,000 solution providers.

Companies can also explore IMDA’s pre-approved list of AI-enabled solutions, with eligible SMEs receiving grant support of up to 50 percent of eligible costs from EnterpriseSG.

To support implementation, businesses can leverage DBS’ suite of financial solutions, including cyber protection coverage, to invest in AI adoption while strengthening their digital resilience.

DBS will also organize quarterly engagements on AI trends, insights and industry-focused case studies to help businesses keep abreast of developments.

“Our learnings from client conversations over the past year point to growing interest from SMEs in how AI can create real value for their businesses. What many are looking for is practical support on where to begin and how to move forward,

“This is why we have enhanced our Spark GenAI program – to reduce the friction around adoption, accelerate implementation and support businesses as they build capabilities that can future-proof them. In doing so, we hope to contribute to Singapore’s greater push to help enterprises put AI to work in meaningful ways,” said Chen Ze Ling, Group Head of Corporate and SME Banking, DBS.

Johnson Poh, Assistant Chief Executive, Enterprise Transformation and Innovation Group, IMDA, said AI is fast becoming a key driver of business competitiveness, and it is important that SMEs are well-equipped to harness its potential.

“Through this enhanced partnership with DBS and EnterpriseSG, IMDA is bringing forth our suite of enterprise resources, from complimentary hands-on workshops, pre-approved AI solutions, to our Open Innovation Platform, which actively matches SMEs to a global network of solution providers for customized AI deployments,

“This means that regardless of where a business is in its AI journey, there is a clear and supported pathway. We look forward to working with our partners to help more Singapore enterprises move from awareness to meaningful AI adoption,” he added.

Geoffrey Yeo, Assistant Managing Director, Capabilities, Enterprise Singapore said this partnership reflects their commitment to ensure that SMEs have the practical tools, resources and support they need to harness Gen AI.

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