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Twin Transitions: How Digital and Green Skills are Reshaping Singapore’s Financial Services Sector

5 min read • By SkillsFuture Singapore and Institute of Banking and Finance Singapore

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Key Highlights

The global financial services sector is undergoing a significant transformation, driven by the convergence of cutting-edge digital technologies and pressing sustainability imperatives1.

Singapore is comparable in the development and use of Digital and Green skills with other global financial hubs. Within Singapore, Digital skills are strong in demand and Green skills are seeing steady growth in the financial services sector. Notably, skill requirements of job roles within the sector are changing, driven by the twin transitions.

Insight 1: Singapore shows strong adoption of Digital and Green skills, rivaling top global financial centres

Note: Top global financial centres2

Figure 1: Skills Adoption Rate in Top Global Financial Centres (2024)

Insight 2: Digital skills are in demand, while Green skills surge in growth in Singapore’s Financial Services Sector

Figure 2: Skills Demand and Demand Growth (by skill cluster) in Singapores Financial Services  Sector (2019 & 2024)

Insight 3: Evolving Job Market for Singapore’s Financial Services Sector, with increased demand for job roles with Digital and Green skills

Figure 3: Job Composition in the Financial Service Sector (2019 & 2024)

Insight 4: Rising demand for Digital and Green skills is reshaping the skills profile of existing Singapore’s Financial Services Sector job roles

Source: SkillsFuture Singapore, data from Jobtech

As skill requirements for jobs evolve, the demand for new skills grows to meet the changing needs of the workplace. To stay competitive, individuals must take a proactive approach to manage their 
career health. 


Below are some of the reskilling and upskilling pathways to consider:

 

Turn Insights into Action

Explore these resources from IBF to help you thrive in the financial services sector.

Explore more curated resources

References

SkillsFuture Singapore uses labour market data and collaborates with industry partners to curate insights on jobs and skills matters.

© 2025 SkillsFuture Singapore

1IBM, 2024
https://www.ibm.com/think/insights/financial-services-trends

2Long Finance, 2024
https://www.longfinance.net/programmes/financial-centre-futures/global%02financial-centres-index/gfci-36-explore-the-data/gfci-36-rank

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