Digitalisation creating new job opportunities in Malaysia’s banking sector

By Syahirah Syed Jaafar

With the emergence of financial technology and digitalisation, banks may trim their workforce in certain areas of their operations while increasing staff in other key focus areas, said the Association of Banks in Malaysia (ABM).

Commenting on recent news reports pertaining to voluntary separation schemes by banks, ABM said these initiatives are part of the banks’ efforts to realign their internal strategies in relation to manpower requirements for better efficiency.

According to the association, there were over 4,000 vacancies in Malaysia’s banking industry as at end-November 2017.