30 Oct '17, 1pm

4,000 jobs to be created in financial services and fintech under MAS blueprint

SINGAPORE — A total of 4,000 net jobs will be created annually till 2020 in the financial services and fintech sectors as part of the industry transformation map (ITM) for financial services which was launched on Monday (Oct 30). Three quarters of the new jobs will be added in the financial services sectors, and these cut across the areas of wealth management, insurance and IT, the Monetary Authority of Singapore (MAS) said. The roles include those in investment advisory, risk modelling and artificial intelligence. The industry has been buffeted by disruption, posting job losses which are expected to continue especially for the more traditional roles. Nevertheless, under the restructuring blueprint, the MAS aims to grow the industry over the medium term by 4.3 per cent per annum - nearly twice as fast as the country’s overall gross domestic product - as part of its vision ...

Full article: http://www.todayonline.com/singapore/4000-jobs-be-created...

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