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With a steady flow of investments coming from fintech, private equity and investment firms, Asia has been the largest regional banking market for more than 10 years. This sustained growth is also a testament to the hefty investments in digital innovations within the banking and financial sector. The new digital ecosystem has created a wealth of opportunities and new markets for banks and financial institutions (FIs) to leverage and enter.
Banks and FIs are working against the clock to develop proprietary technologies to protect or increase their market share. These digital solutions can help strengthen their core services, personalise products and improve customer’s experience.
new jobs and skills in the banking and financial services sector
New digital product and service offerings call for new skills and talent. As more and more banks offer real time and interactive online banking solutions, the job scopes of traditional banking roles in front and back office operations have been augmented and re-designed.
Banks and FIs are hiring new talent who can lead with deep tech, such as machine learning and artificial intelligence (AI). The increasing use of AI-enabled tools, blockchain technology and straight-through processing (STP) would reduce the time spent on mundane documentation and processing.
This would free up the employee’s time to perform more business-impacting tasks, such as investigating complex cases as well as enhancing the accuracy and promptness of settlements and regulatory reporting needs.
fill in the form below to download randstad singapore’s banking industry outlook 2020 report.
Stay updated on the new banking jobs and skills you need to drive innovation and stay at the forefront. The report covers the following specialisations in the banking industry in Singapore :
- Retail and wealth management
- Corporate and institutional banking
- Private banking
- Compliance and risk management
- Finance and Operations
If you’re a candidate looking for a job in the banking industry, you can view the latest jobs here.