Government officials will NEVER ask you to transfer money or disclose bank log-in details over a phone call.
Call the 24/7 ScamShield Helpline at 1799 or visit the ScamShield website if you are unsure if something is a scam.
Financial Services
Overview
Every time someone gets a loan, saves money, or invests, Singapore's financial services industry is there to support the transaction. This sector drives financial decisions that shape our daily lives.
About industry
Financial services include banking, insurance, investment management, and financial planning, and more. You could work as branch tellers, insurance agents, data analysts, or compliance officers, all who keep the financial system running. Technology is changing service delivery, creating new career opportunities alongside traditional roles. You can help people and organisations manage money, manage risk, and grow wealth.
Industry facts
01
The sector includes multiple segments: Retail Banking, Corporate Banking, Investment Banking, Private Banking, Asset Management, and Insurance.
02
There are a wide range of job roles, such as client-facing positions like Financial Consultants and Relationship Managers and behind-the-scenes roles like Fund Accountants and Compliance Officers.
03
The industry grew 6.8% in 2024, up from 3.1% in 2023, and accounts for about 14% of Singapore's GDP.
Process Automation
Technology like Robotic Process Automation is already handling repetitive financial tasks such as data entry with greater speed and accuracy. As this advances, your role will shift toward complex problem-solving and client interactions. This creates opportunities for professionals who can combine technical understanding with strong interpersonal and analytical skills.
Artificial Intelligence and Data Analytics
Artificial intelligence and data analytics are transforming how financial institutions understand customers and manage risk. AI tools handle tasks like basic customer queries through chatbots, complex credit assessments, and investment advice. You'll have a strong advantage if you can utilise AI systems and interpret the insights.
Emerging Roles in Tech and Security
Digital transformation in financial services is creating exciting opportunities for specialists in cloud security, robotics process design, and agile IT programme management. These roles combine technology expertise with financial operations knowledge. Skills in cybersecurity, risk management, and adaptability are also in demand in this evolving landscape.
Recommended for you
Jenny
Regional People Operations Lead,
YouTrip
"“Behind every confident person is often a season of uncertainty, growth, and someone who chose to believe in them.” Jenny works in People & Culture an..."
Levonne
Manager (Centre for Impact Investing and Practices),
Temasek Trust
"Hey there! I'm Levonne, with experience across public, people & philanthropy sectors plus 10+ years in youth development. Let me help you navigate non..."