Impact of Digitalisation on Bank Tellers and Their Jobs
- The Prime Minister acknowledged that digitalisation reduces demand for bank tellers but creates new roles in areas such as service ambassadors, software development, data analytics, and cybersecurity.
- A Professional Conversion Programme involving multiple agencies and banks has been established to retrain 3,500 bank tellers and customer service staff over three years, with over 450 already redeployed into new roles.
- The government, unions, and banks are collaborating to pre-emptively reskill workers and support consumers in adopting digital banking, with the aim of minimising retrenchments and helping Singaporeans adapt to technological changes.