Singapore’s finance professionals fear AI will hit their jobs

Photo by Sora Shimazaki

Singapore has long positioned itself as a hub for finance talent, and the latest data from ACCA suggests that reputation is well-founded.

But beneath the confidence, a more complex picture is emerging, one where the pace of technological change, the pressure of multigenerational workplaces and the quiet pull of purpose are reshaping what Singapore’s finance professionals want from their careers.

The AI paradox

Eight in ten Singapore finance professionals (81%) feel confident in their ability to learn and apply AI skills, yet nearly half (48%) still fear the technology will affect their own role, a concern that has not eased as AI adoption has accelerated.

That is among the key findings of ACCA’s Global Talent Trends 2026 report, drawn from responses from over 11,000 finance professionals in 160 countries.

More than half of Singapore respondents (51%) are now regularly using AI tools in their day-to-day work. But confidence in how AI is being used in recruitment is considerably lower: just 41% say they trust AI algorithms to support fair and unbiased hiring decisions, a finding that points to a growing gap between AI’s promise and the profession’s confidence in how it is being governed.

The purpose gap

What may surprise some employers is the strength of purpose-driven sentiment in Singapore’s finance workforce. Seventy percent of respondents say an organisation’s reputation on social and human rights issues is a key factor in deciding where to work.

More than half (54%) want to pursue finance roles focused on social impact in the future, while 63% are drawn to roles with an environmental remit, a figure notably higher than many comparable developed-market economies.

Maurice Cheong, Head, Singapore, Australia, New Zealand & Oceania, ACCA, said: “Singapore’s employers are competing for some of the most skilled finance professionals in the world. But skilled professionals have choices, and increasingly, those choices are being shaped by purpose as much as by pay.

“Organisations that think social impact is a nice-to-have are likely to find that the most talented people are choosing somewhere else.”

Generational friction at work

For the first time, Singapore’s workforce spans five generations simultaneously, and the data suggests employers are struggling to manage that reality. More than half of Singapore respondents (53%) say their organisation faces challenges in supporting effective teamwork across different generations, well above the global average of 42%.

The survey identifies this as primarily an organisational design challenge, with structured mentoring, mixed-age teams and clearer communication frameworks among the most-cited remedies.

Pay, wellbeing and the return-to-office

On pay, Singapore presents a relatively more positive picture than much of the region: 46% of respondents are satisfied with their current compensation, among the higher rates in Asia Pacific.

But satisfaction is not universal, 52% still plan to ask for a pay rise in the next 12 months, and the pressure of living costs in one of the world’s most expensive cities continues to register in the data.

Meanwhile, mental health remains a live concern: 52% of Singapore’s finance professionals say their mental health suffers because of work pressures, in line with the global average.

The report finds a consistent relationship between poor wellbeing and higher flight risk, reinforcing the case for employer action that goes beyond surface-level wellness initiatives.

On office attendance, 65% of Singapore respondents agree that organisations should require a set number of days in the office each week. Fifty-nine percent believe office presence positively impacts promotion prospects, a view that holds across genders and generations, though with notable variation. Hybrid working remains the stated preference for the majority. 

“The data from Singapore reflects a sophisticated, internationally connected workforce that is navigating real uncertainty about technology, purpose and career progression at the same time. The employers who will retain the best people are those who take all three seriously, not just the ones that make the headlines,” added Cheong.

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