Archive · 7 Nov 2025
DBS Group Retrains Staff Amid AI Transformation of Banking Roles
Imagine your bank is getting a super-smart computer helper called AI.
This helper can do some jobs very quickly, like counting money or answering simple questions.
Because of this, some people who used to do those jobs might have to learn new skills.
DBS Bank in Singapore is helping its workers learn these new skills, like becoming better at talking to customers and helping them with more complex needs, instead of just doing the tasks the AI can now do.
They won't hire new people for the jobs the AI can do, but they will teach their current employees how to do different, more advanced jobs.
Other big banks in Singapore are doing the same thing to help all their workers get ready for the future of banking.
DBS Group Holdings Ltd. is preparing for AI to reshape jobs by retraining its staff.
CEO Tan Su Shan stated the bank will retrain employees whose jobs are impacted by AI rather than hiring new staff for AI-driven roles.
Financial institutions globally are exploring AI for efficiency, facing potential job displacement.
Singapore's three major banks are retraining all 35,000 local employees over the next one to two years for AI-related changes.
The retraining aims to help staff transition from roles like tellers to positions such as relationship managers.
- Who
- DBS Group Holdings Ltd., Singapore's largest lender, and other major banks in Singapore
- What
- Retraining employees for new roles as AI transforms banking jobs, with a focus on shifting roles like tellers to positions like relationship managers.
- When
- Ongoing, with retraining of 35,000 employees across three major banks planned over the next one to two years.
- Where
- Singapore
- Why
- To prepare the workforce for the impact of artificial intelligence on banking jobs, speed up processes, and save costs.
- Company
- DBS Group Holdings Ltd.
- Location
- Singapore
- Key Initiative
- Staff retraining for AI-driven job changes
- CEO Statement
- Will retrain staff in roles impacted by AI, not hire replacements
- Broader Impact
- Singapore's three major banks retraining 35,000 local employees