Singapore Financial Sector Pledges Artificial Intelligence Training for Eighty Thousand Workers

Published 5d ago · Updated 5d ago

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Singapore financial firms are proactively upskilling 80,000 employees in artificial intelligence to protect against job displacement.

Major financial institutions in Singapore have committed to equipping over 80,000 local employees with artificial intelligence skills by the end of 2028. Twenty-three pioneer firms, including banks, insurers, and asset managers, are participating in the initiative to protect white-collar professionals from displacement. More than half of the target workforce has already completed recognized training programs.

A foundational cohort of 23 financial institutions signed onto the workforce development commitment.
Training programs are officially recognized by the Institute of Banking and Finance.
Deputy Prime Minister Gan Kim Yong announced the initiative as a safeguard against employment disruption.

By the numbers

80,000local employees to receive AI training

23financial institutions in the pioneer batch

Why it matters

As generative artificial intelligence transforms white-collar professions globally, financial hubs are racing to upskill domestic workforces to maintain economic competitiveness while mitigating mass job displacement.

What outlets agree on

Twenty-three financial institutions in Singapore have committed to providing artificial intelligence training for their entire local workforces by 2028.

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In this story

SingaporeArtificial intelligenceGan Kim YongBankingWorkers' rightsInstitute of Banking and Finance

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