New AI platform to train, upskill financial workforce in Singapore

SINGAPORE: Singapore has unveiled a new artificial intelligence-based platform to automate workforce planning.

The platform was introduced by Minister for Trade and Industry Gan Kim Yong on October 6 at the Institute of Banking and Finance (IBF) Distinction Dinner.

The program was co-developed by IBF with JobTech and PwC with the support of the Monetary Authority of Singapore (MAS) as well as a pilot group of 15 financial institutions

Known as the Future Skills Accelerator, the platform offers internal career mobility, strategic workforce planning, talent marketplace and talent acquisition.

The internal career mobility feature automatically lists the skills needed for a given job and identifies any gaps between current and new roles.

With the strategic workforce planning features, companies can keep their HR strategies on point by furnishing them with real-time data and insights into the latest jobs.

They will also be able to identify desired skill sets that match up well for hiring, while prioritising internal candidates.

Meanwhile, the talent marketplace offers access to a wide range of learning opportunities like part-time gigs, projects, mentorships, and courses.

Additionally, the talent acquisition feature helps companies find suitable candidates based on their job fit and also “trainable” people with lower fit scores.

“This will promote a more dynamic learning and development culture, ensuring that skills are kept up to date and talents well deployed,” Gan said.

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