Expats.cz: How a Prague center is sowing seeds for next-generation IT success

Published On: 1. 10. 2024

Commerzbank’s Prague center is focused on developing Czechia’s next generation of tech talent.

The worlds of finance and technology are closely linked together. With banks increasingly resembling technology companies due to their reliance on advanced digital solutions, the nature of the workforce in finance is changing.

Commerzbank’s Digital Technology Center (DTC) in Prague is a case in point. As an international hub for the major German bank’s digital activities, it’s an integral part of a finance industry giant. Commerzbank’s Prague DTC employs over 600 people, working in diverse teams comprising over 60 different nationalities and speaking English as their common language.

Like all tech centers, Commerzbank’s DTC depends on a strong pool of local technology talent. Mindful of its reliance on skilled people, the company also focuses on developing the next generation of bright minds, and recently concluded its annual internship program for high school students in Czechia.

About ABSL Czech Republic

ABSL (Association of Business Service Leaders in the Czech Republic) is an association of companies operating in the shared business services sector, which represents a strong generator of employment in the Czech Republic. ABSL was established in 2013 to foster companies in the business services sector, share best practices and help to develop the activities of its members and other entities operating in this segment. At the same time, ABSL provides support to foreign investors who want to establish their business services centres in the Czech Republic. Currently, there are nearly 400 centres in the Czech Republic employing 160,000 people. For more information, please visit www.absl.cz.