The pilot successfully reduced the settlement duration of primary issuance from 5 days to 2 days. These are just some examples of the tremendous scope for innovation in Asian financial markets. 15. Job functions will need to adapt, and our workforce will need to be equipped with the right capabilities and skills to capture the opportunities. In 2019, MAS and the Institute of Banking and Finance (IBF) commissioned a detailed study [12] on the impact of automation and data analytics over the next 3-5 years on job tasks and skills needs in the financial sector. The study estimates that half of the job roles in the financial sector in Singapore would be augmented as individuals leverage on data analytics and automation to amplify their performance. Another one third would be https://www.mas.gov.sg/news/speeches/2021/riding-the-growth-momentum-in-asia  5/11  12/02/2021  "Riding the Growth Momentum in Asia" – Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director (Markets & Development), …  transformed, as these technologies have the potential to substitute a significant proportion of job tasks.
Speeches Published Date: 08 December 2020  "FinTech for an Inclusive Society and a Sustainable Planet" - Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Singapore FinTech Festival 2020 on 8 December 2020 In his keynote speech at SFF x SWITCH 2020, Mr Ravi Menon, Managing Director, MAS, spoke on leveraging FinTech to create a more inclusive society and a more sustainable planet. VIEW ALL NEWS  © 2021, Government of Singapore. https://www.mas.gov.sg/news/speeches/2021/riding-the-growth-momentum-in-asia  11/11