Singapore financial firms pledge AI training for 80,000 staff by 2028

Singapore's major financial institutions, including 23 banks, insurers, and asset managers, have committed to train over 80,000 local employees in AI skills by 2028 to mitigate job disruption. Deputy PM Gan Kim Yong announced that more than half of staff have already completed industry-recognized programs. This initiative signals a proactive government-industry response to AI-driven workforce transformation, with implications for labor markets and competitiveness.