{"id":217238,"date":"2026-05-20T09:48:00","date_gmt":"2026-05-20T13:48:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/20\/singapore-wants-banks-to-use-ai-to-create-jobs\/"},"modified":"2026-05-20T09:50:13","modified_gmt":"2026-05-20T13:50:13","slug":"singapore-wants-banks-to-use-ai-to-create-jobs","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/20\/singapore-wants-banks-to-use-ai-to-create-jobs\/","title":{"rendered":"Singapore Wants Banks to Use AI to Create Jobs"},"content":{"rendered":"<p><a href=\"https:\/\/www.pymnts.com\/news\/artificial-intelligence\/2026\/singapore-wants-banks-use-ai-create-jobs\/\">Singapore Wants Banks to Use AI to Create Jobs<\/a><\/p>\n<p><a href=\"https:\/\/www.pymnts.com\/news\/artificial-intelligence\/2026\/singapore-wants-banks-use-ai-create-jobs\/\">https:\/\/www.pymnts.com\/news\/artificial-intelligence\/2026\/singapore-wants-banks-use-ai-create-jobs\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-20 09:48:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.pymnts.com\">www.pymnts.com<\/a><\/p>\n<p>Here&#8217;s a summarized overview of the article with key points:<\/p>\n<ul>\n<li><strong>Government Stance on AI Adoption:<\/strong> Singapore\u2019s Deputy Prime Minister Gan Kim Yong urged banks and financial firms to leverage AI strategically to create better jobs and train employees instead of merely cutting jobs.<\/li>\n<li><strong>Competitiveness Alert:<\/strong> Gan emphasized the need for proactive AI adoption to maintain competitiveness, warning that holding back changes could hurt workers in the long run.<\/li>\n<li><strong>Standard Chartered\u2019s Job Cuts:<\/strong> In contrast to the government\u2019s advice, Standard Chartered announced job cuts due to increased AI usage, highlighting a potential conflict in adopting AI for employment purposes.<\/li>\n<li><strong>Singapore\u2019s Specific Challenges:<\/strong> DBS Group CEO Tan Su Shan pointed out that AI could be a great multiplier for Singapore&#8217;s small workforce, enabling them to accomplish more with the same number of people.<\/li>\n<li><strong>Public Reaction and Concern:<\/strong> Singapore President Halimah Yacob criticized Standard Chartered\u2019s CEO for his remarks on job cuts, expressing concern over the clinical manner in which the issue was discussed.<\/li>\n<li><strong>Evolving Perception of AI:<\/strong> There is growing trust in AI\u2019s ability to reduce friction in daily life, as seen with mobile banking, rather than its overt technical prowess.<\/li>\n<\/ul>\n<p>This summary offers a polite and respectful condensation of the main points from various reports regarding Singapore\u2019s approach to AI use in the financial sector.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Wants Banks to Use AI to Create Jobs https:\/\/www.pymnts.com\/news\/artificial-intelligence\/2026\/singapore-wants-banks-use-ai-create-jobs\/ Publish Date: 2026-05-20 09:48:00 Source&#8230;<\/p>\n","protected":false},"author":1,"featured_media":217239,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/05\/Singapore.jpeg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-217238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217238"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=217238"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217238\/revisions"}],"predecessor-version":[{"id":217240,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217238\/revisions\/217240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/217239"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=217238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=217238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=217238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}