The post Press release: FCA transaction reporting proposals to save firms £100m a year first appeared on Treasury Today.
]]>21st November 2025 – Over £100 million in savings have been set out by the Financial Conduct Authority (FCA), as the regulator proposes to streamline transaction reporting requirements.
The FCA receives over 7 billion MiFID transaction reports a year used to support the cleanliness, transparency and resilience of UK markets.
To reduce costs for firms, support growth and improve the quality of data received, the FCA has proposed:
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Removing foreign exchange derivatives from reporting requirements, reducing costs for over 400 firms
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Removing reporting requirements for 6 million financial instruments including equities, bonds and certain derivatives that are only traded on EU trading venues
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Reducing the period for correcting historic reporting errors from 5 to 3 years, lowering the number of transaction reports that need to be resubmitted by a third
Therese Chambers, joint executive director of enforcement and market oversight, said: “Transaction reports are essential, helping us to detect financial crime and monitor the resilience of our markets. But we can be smarter, and by clarifying and streamlining requirements we expect to receive more accurate and complete reports.
“Reducing costs while improving the quality of the data we receive is a no brainer. It means we can support growth and receive better market intelligence to act on.”
The FCA will work in lockstep with the Bank of England and the Treasury to remove any unnecessary duplication of transaction and post-trade reporting requirements as part of a new long-term approach.
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]]>The post Press release: SAP Taulia becomes first fintech to launch Supply Chain Finance SPV in Italy first appeared on Treasury Today.
]]>20th November 2025 – SAP Taulia, a leading provider of AI-powered working capital management solutions, today announces the launch of Italy’s first Supply Chain Finance Special Purpose Vehicle (SPV) – introducing a new, market-leading solution that sets a new standard for fintech innovation and fintech-bank collaboration and further expands SAP Taulia’s global coverage.
The SPV, a distinct legal entity, governed by local securitization law and registered with the Bank of Italy, enables SAP Taulia to deliver fully compliant domestic transactions in Italy, where regulatory complexity has historically limited innovation in supply chain financing. By partnering with local banks, the structure provides buyers and their Italian suppliers with access to early payment and working capital solutions on a daily basis, driving efficiency and financial resilience across supply chains. The new structure is already live with its first customer program and is expected to expand rapidly.
To achieve this milestone, SAP Taulia partnered with several key organizations, including CSC as the corporate service provider and Cerved Master Services S.p.A. as the master servicer. BNP Paribas was the first local funding bank, and Bird & Bird acted as the external legal counsel.
“Bringing multifunder supply chain finance to Italy is a landmark achievement for SAP Taulia and our customers. This new capability not only enables us to serve buyers and their Italian suppliers with a fully compliant solution but also reinforces our position as a global leader in working capital innovation,” said Wasif Raza, Managing Director, Global Head of Distribution, SAP Taulia.
“This project has been several years in the making and reflects our commitment to customer success. By navigating the regulatory complexities of the Italian market, we are enabling more businesses to access flexible, automated funding and supporting the growth of resilient supply chains.”
The post Press release: SAP Taulia becomes first fintech to launch Supply Chain Finance SPV in Italy first appeared on Treasury Today.
]]>The post Press release: FIS powers German auto bank’s digital transformation, accelerating deposit growth first appeared on Treasury Today.
]]>25th November 2025 – Global financial technology leader FIS® (NYSE: FIS) is helping accelerate deposits growth for BMW Bank GmbH in Germany through a deposits-as-a-service capability which leverages FIS® K-CORE24 and FIS® K-e-Banking. The bank went live with the solution in the second quarter of 2025 with over 300,000 deposit accounts transitioning to the new technology.
Recent research from FIS’ landmark Harmony Gap report highlighted that 54% of organizations identify operational efficiency as the biggest source of tension in their business. As a result, financial service providers are seeking new ways to streamline their operations to address sources of disharmony more effectively and grow their business.
This implementation is a proof point of FIS’ strategy to provide innovative embedded finance capabilities to banks, enabling them to integrate deposit accounts and related services into their digital platforms. Through this deployment, FIS is helping BMW Bank provide more efficient and meaningful financial transactions and customer service in its lending and deposits business, giving the bank greater opportunities to unlock growth and gain a competitive advantage.
The tailored deposit-as-a-service capability includes FIS® K-CORE24, a leading core-banking solution for German markets. Also included is a renewed FIS® K-e-Banking platform designed to deliver a modern, secure, and user-friendly digital experience, which features two-factor authentication and merchant functions that enable direct transaction processing between the bank and merchants. The solution is modern, secure and user-friendly, helping to enhance the digital banking experience for its clients and their customers.
Kanv Pandit, Head of International Banking and Payments Sales at FIS said: “We’re delighted to partner with BMW Bank to help grow their deposits and lending business. Many businesses like BMW Bank are looking to streamline their operations to address disharmonies across the money lifecycle, and this project proves that technology solutions can truly elevate the full end-to-end banking experience.”
Stephan Cohnen, COO, BMW Bank GmbH said: “We’re extremely pleased with the transition to the FIS platform. With banking expectations across Germany rapidly changing, banks and other financial services providers are now looking for digital-first solutions. By partnering with FIS, we now have a solution which can help drive operational efficiency, help us achieve our deposit growth goals and exceed our customers’ expectations.”
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]]>The post Press release: Amundi expands its active ETF offering with the launch of a new money market ETF first appeared on Treasury Today.
]]>25th November 2025 – Amundi, Europe’s leading asset manager and ETF provider, announces the launch of the Amundi EUR Cash Active UCITS ETF, a new active money market ETF offering all types of investors access to the money market1. This new ETF complements Amundi’s range of active ETFs, which already includes funds designed to meet responsible investment objectives.
Amundi is a recognised leader in bond and money market management with more than €840 billion in assets under management, including more than €180 billion in money market strategies2. Building on this strong track record and the excellence of its ETF platform, this new solution enables investors to add an essential building block to their portfolios, at competitive fees3.
Amundi has always been committed to providing its clients a comprehensive range of solutions across asset classes, geographies, thematics and management styles. The launch of this active money market ETF addresses growing demand from investors seeking very low-risk profiles in a format that combines the accessibility and continuous trading features of ETFs4.
Amundi’s range of active ETFs will continue to expand in the coming months, driven by the close collaboration between the dedicated Active & White Label ETFs team led by Gilles Dauphiné and Amundi’s active management teams responsible for alpha generation. Gilles Dauphiné, Head of Active and White Label ETFs at Amundi, commented: “True to our commitment to building the most appropriate solutions for the diverse needs of investors, Amundi continues to expand its range of offerings. This launch illustrates our capacity for innovation at the service of our clients who can now access a new active money market ETF.”
Amaury D’Orsay, CIO Fixed Income & Money Market investments at Amundi, commented: “This launch demonstrates our ambition to broaden access to our money market expertise — backed by over €180 billion in assets under management and 35 years of experience — by offering clients a solution that combines our investment know-how with the transparency and accessibility of an ETF.”
Footnotes
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For more information regarding the investment objectives of the fund, please refer to the Key Information Documents (KID) and the prospectus. ↩
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Amundi data as at 30/09/2025. Information given for illustrative purposes only, may change without prior notice. ↩
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Management fees refer to the management fees and other administrative or operating costs of the fund. For more information regarding all the costs supported by the fund, please refer to its Key Information Document (KID). Transaction costs and commissions may occur when trading ETF. ↩
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Investing in funds entails risk, most notably the risk of capital loss. The value of an investment is subject to market fluctuation and may decrease or increase as a consequence. As a result, fund subscribers may lose part or all of their initial investment. ↩
The post Press release: Amundi expands its active ETF offering with the launch of a new money market ETF first appeared on Treasury Today.
]]>The post Press release: Brighter Super futureproofs compliance with Napier AI’s cloud-native platform first appeared on Treasury Today.
]]>20th November 2025 – Napier AI, the London-based financial crime compliance technology provider, today announced that Brighter Super, one of Queensland’s largest superannuation funds, has upgraded its compliance infrastructure with the Napier AI Continuum platform to enhance scalability, regulatory readiness, and operational efficiency.
Following a period of significant consolidation, including the merger with Energy Super and the acquisition of Suncorp Portfolio Services Limited, Brighter Super required a flexible, cloud-based solution capable of supporting a growing member base and complex compliance environment.
After a successful migration from an on-premise system to Napier AI’s hosted environment, Brighter Super now benefits from streamlined post-merger integration, Kubernetes-based scalability, and intuitive rule-testing capabilities that empower its compliance teams to adapt to evolving regulations with confidence.
“Napier AI has been instrumental in helping us modernise and scale our compliance operations to keep pace with an evolving superannuation industry,” said Shawn Chan, Chief Risk Officer, Brighter Super. “As we integrated multiple funds and transitioned to a cloud-based environment, Napier’s platform gave us the flexibility and control we needed—without added complexity. The user-friendly interface meant our team could adapt quickly, even during structural changes.”
The move to Napier AI Continuum enabled Brighter Super to consolidate multiple environments into a single production framework, simplifying compliance management and reducing operational overhead. The use of sandbox testing further supports efficient rule calibration and regulatory readiness, reducing false positives while maintaining robust risk oversight.
Greg Watson, CEO of Napier AI, commented: “Brighter Super is an excellent example of how a forward-looking institution can use technology to drive compliance transformation. By adopting Napier AI Continuum, Brighter Super has built a scalable, future-ready compliance operation that not only meets today’s regulatory expectations but also positions them for continued growth.”
Brighter Super manages more than A$36 billion in retirement savings for over 348,000 members (as of 1st October 2025) and continues to expand its digital and operational capabilities to better serve members across Australia.
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]]>The post Press release: Global financial community completes switch to ISO 20022, paving the way for new levels of cross-border payment speed and innovation around the world first appeared on Treasury Today.
]]>25th November 2025 – The global financial community has unleashed a new era for global payments innovation with universal adoption of ISO 20022 as the standard language for cross-border payments worldwide. The final switch happened on 22nd November, with the end of coexistence with the traditional MT message format.
The move elevates customer experience in today’s fiat currency system in support of the G20 goals for international payments, enabling faster, more efficient and data-driven payments.
The landmark achievement reflects years of coordinated work across financial institutions, payment market infrastructures, and the wider Swift community – starting in 2018 when the financial community chose to adopt the standard for cross-border payments. Endorsed by the G20 and the Committee on Payments and Market Infrastructures (CPMI), ISO 20022 is considered a key enabler of an enhanced cross-border payments experience. It elevates the payment experience, while its flexible and extensible format provides a strong foundation for digital transformation.
In March 2023, Swift began a period of coexistence with the MT format for cross-border payments and reporting (CBPR+) to enable a smooth transition for the community. That coexistence period ended over the weekend, and ISO 20022 is now required for all payment instructions.
Yesterday we observed 97% of payment instructions sent using ISO 20022. A conversion service is in place to automatically convert remaining MT instructions to the ISO 20022 format for a period to ensure the smooth flow of global payments.
Jerome Piens, Chief Operations Officer at Swift, said: “This has been a huge achievement for the global industry, and a collective effort in upgrading the global payments experience. ISO 20022’s rich, structured data is foundational to the future of payments – and a cornerstone of Swift’s strategy to enable an instant, frictionless, interoperable, and inclusive future. This switch will both enhance risk and control capabilities to better support compliance requirements and lay the foundations for the next generation of payments.
“The new standard will power our strategic initiative to create a payment scheme to guarantee a consistently fast, predictable and transparent experience for retail customers worldwide, and will also enable the foundations for our blockchain-based shared ledger, to allow the trusted movement of tokenised value, thereby bringing together TradFi and DeFi for a fully interoperable financial ecosystem of the future.”
Now that the community has successfully transitioned to ISO 20022, the focus can shift from format readiness to realising the value of structured data. Swift is continuing to work with the community to realise the full benefits of the new standard, providing guidance, tools, and analytics to help institutions measure, optimise and innovate using ISO 20022 data.
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]]>The post Press release: US Bank Liquidity Manager, powered by Kyriba, helps treasurers at mid-sized and large firms forecast and optimize cash positions first appeared on Treasury Today.
]]>24th November 2025 – U.S. Bank today introduced a cash forecasting tool with Kyriba to help businesses gain real-time visibility and control over their cash and liquidity positions. U.S. Bank Liquidity Manager, powered by Kyriba’s liquidity performance platform, leverages traditional methods and advanced AI to deliver cash forecasting, scenario planning, and operational efficiency for both mid-sized and large firms.
“Many companies struggle to obtain a timely and accurate view of their liquidity, especially when managing multiple bank accounts across geographies and currencies,” said Kristy Carstensen, who leads Treasury and Payment Solutions at U.S. Bank. “This solution builds on the strengths of both U.S. Bank and Kyriba to address these challenges. By automating processes and providing actionable insights, U.S. Bank Liquidity Manager, powered by Kyriba, will empower our clients to make strategic financial decisions with confidence and ease.”
Key features include:
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Cash Forecasting with Cash AI: Leveraging Cash AI to enhance cash forecasting by utilizing historical cash flow data to predict future cash flows, provides greater accuracy in daily cash positions, and adapts to new data and changing business conditions with scenario planning.
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Cash Positioning: Automated daily cash positioning and reconciliation for real-time reporting by account, bank, entity and region.
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Cash Pooling: Automated management and tracking of Zero-Balance Accounts (ZBA) cash sweeps across accounts and banks.
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Multi-bank Reporting: Complete balance and transaction reporting for 100% cash visibility across North American and global banks.
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Enhanced Visibility: Unparalleled, real-time visibility into financial status for all stakeholders, enabling stronger collaboration and risk management.
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Cost Reduction: Automation and centralization reduce operational costs associated with managing information from multiple banking portals.
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Operational Efficiency: Streamlined workflows reduce manual tasks and errors, allowing teams to focus on strategic initiatives.
Clients access Liquidity Manager directly through SinglePoint, U.S. Bank’s dedicated treasury management platform for transaction initiation, exception processing, reporting and client insights. On October 27, 2025, U.S. Bank announced the next generation of SinglePoint, which reduces manual work, delivers actionable insights, optimizes common user flows, and helps clients uncover operational blind spots like never before.
“Working together, Kyriba and U.S. Bank can elevate liquidity management and cash forecasting for businesses,” said Bruno Ferreira, Chief Revenue Officer at Kyriba. “By combining Kyriba’s secure, trusted AI-enabled technologies with U.S. Bank’s deep payments and banking expertise, we deliver real-time visibility across every account and region. This clarity empowers treasurers and finance teams to make confident decisions exactly when they need to, without guesswork or delays.”
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]]>The post Press release: BENEFIT and Ant International partner to launch Alipay+ in Bahrain to achieve global e-wallet connectivity first appeared on Treasury Today.
]]>24th November 2025 – BENEFIT, the Bahraini innovator and a leading company in fintech and electronic financial transactions service, and Ant International, a leading global digital payment, digitisation and financial technology provider, headquartered in Singapore, have partnered to launch cross-border QR payments between Bahrain’s BENEFIT QR payment scheme and Ant International’s global wallet gateway, Alipay+, during 2026 to support the transition to toward a more inclusive digital payments ecosystem.
By signing a Memorandum of Understanding (MoU), both parties will explore and develop innovative cross-border payment solutions between Bahrain and global markets to foster greater financial integration. They will also aim to develop a comprehensive cross-border payment framework that fosters innovation and aligns with global fintech advancements.
Through this collaboration, more than 15,000 of Bahrain’s merchants will be able to accept cross-border QR payments from Alipay+ international payment partners. Alipay+ currently connects more than 1.8 billion user accounts across from over 40 digital payment partners to more than 150 million merchants in over 100 markets.
In addition to enabling inbound cross-border payments, both parties will also explore the introduction of outbound payment capabilities through the Alipay+ solution in the near future. This will allow Bahraini consumers to use their preferred local payment methods internationally via the BENEFIT network, which connects every bank in the country, to make seamless digital payments at millions of Alipay+ enabled merchants abroad.
The collaboration further encompasses knowledge and technical expertise exchange, as well as joint marketing initiatives designed to raise awareness and promote the adoption of fintech solutions among individuals and businesses.
Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, stated: “This partnership reflects BENEFIT’s strategic vision to expand its global presence and reinforce Bahrain’s position as a leading regional hub for fintech and advanced digital payment solutions. Our collaboration with Ant International will contribute to building an advanced infrastructure that strengthens the link between local and international markets, providing users with secure, seamless, and world-class payment experience. This initiative represents a pivotal step toward developing innovative financial solutions that enhance cross-border payments and accelerate digital transformation within the financial sector. It further cements BENEFIT’s role as a strategic partner in shaping a smarter and more sustainable future for Bahrain’s financial ecosystem, in line with the Kingdom’s vision of a knowledge-based digital economy.”
Mr. AlJanahi added: “This collaboration is part of BENEFIT’s broader strategy to establish an effective bridge connecting national payment systems with leading international platforms, in alignment with global fintech developments. It strengthens Bahrain’s capacity to attract high-value investments and strategic partnerships that contribute positively to the national economy.”
Mr. Pietro Candela, General Manager of EMEA for Alipay+, commented: “We are honoured to collaborate with BENEFIT, one of the Middle East’s foremost fintech and digital payments institutions, to bring the innovative Alipay+ solution to Bahraini businesses. Together we aim to empower local merchants of all sizes to accept seamless payments from international travellers that Alipay+ serves with its partner wallets, while also working towards enabling BENEFIT customers to access our services in international markets in the future.”
The upcoming launch of Alipay+ in Bahrain builds upon Ant International’s recent milestones in the Middle East this year, including the opening of Ant International’s first Middle East office in Riyadh, Kingdom of Saudi Arabia, to expand its partnerships in the region.
In addition to Bahrain, Alipay+ is also integrated into 10 national QR payment schemes in countries including Singapore, Malaysia, South Korea, Cambodia, Nepal and Sri Lanka.
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]]>The post Press release: SAP Taulia research: procurement overlooked for AI investment first appeared on Treasury Today.
]]>The new data finds that globally, only 35% of leaders are prioritising procurement and supply chain management as an area for AI investment and growth, leaving procurement trailing behind finance (43%), data analytics (39%) and cybersecurity (38%).
Prioritisation of AI in the procurement function
Current pressures underscore the urgency of embracing AI in procurement: 72% of procurement professionals report that demands on their function have increased over the past year. 44% of procurement professionals believe that AI will have a major impact on solving these challenges, indicating a strong appetite that is not yet mirrored at the leadership level.
There’s strong consensus among procurement leaders on where AI could deliver the biggest gains in the years ahead – from risk detection and mitigation (28%) and data-led strategic decision-making (26%) to spend analysis and reporting (25%). Many also believe AI will streamline sourcing and tendering as well as automating invoice and payment processes (both 23%), freeing up teams to focus on more strategic priorities.
Regional disparities are also evident when it comes to prioritisation. In the UK, just 20% of leadership teams are prioritising AI investment in procurement, compared with 44% in Australia, 41% in Singapore, and 37% in the USA. This data underscores an uneven adoption curve and a persistent perception of procurement as an operational rather than strategic function.
Procurement utilisation of AI
Despite limited investment, procurement and supply chain professionals are already leveraging AI tools. Over half (55%) are using AI-powered procurement platforms such as SAP Joule, Ivalua, or JAGGAER, while 63% are using generative AI platforms including ChatGPT, Gemini, or Microsoft Copilot.
Of those who are utilizing these tools, nine in 10 (90%) procurement leaders say AI automation is allowing their roles to focus on higher-value activities such as relationship management, risk oversight and long-term value creation. Similarly, 88% believe AI is freeing up capacity for strategic work, while 87% say data-driven insights are giving procurement a stronger voice in business decision-making.
Barriers to adoption
Over a third (35%) of procurement professionals cite low awareness or understanding of AI’s benefits among senior leadership. Top concerns from senior leadership for utilising AI include data security and compliance (36%), alongside limited internal AI expertise, lack of alignment with broader digital strategies, and insufficient training (all 33%). Practical hurdles also include workflow integration uncertainty (31%) and poor data quality (30%).
Underpinning these barriers is a broader cultural issue: procurement is still not universally recognised as strategic enough to warrant AI investment (30%). Without a shift in perception, organisations risk overlooking a function capable of delivering resilience, efficiency, and long-term value in a volatile global environment.
“Procurement sits at the heart of business resilience and supply chain security,” said Danielle Weinblatt, Chief Product Officer at SAP Taulia. “AI presents a tremendous opportunity to elevate procurement’s strategic impact—transforming how organizations manage risk, relationships, and working capital. The key is investing with both immediacy and long-term vision.”
John Roberts, Senior Director, North America Procurement, NTT DATA, also commented “The findings in this report validate what we see every day: AI is a powerful catalyst, and we’re using it to elevate procurement from a back-office function to a strategic partner to the business. As we automate tasks such as invoice processing and spend analysis, it’s not just about cutting costs; it’s about unlocking our team’s capacity to build resilient supply chains and use data for true risk detection. Procurement professionals can’t afford to be laggards in this new ‘industrial revolution’ —investing in AI for procurement is investing in the future agility and survival of the business.”
“It’s a clear paradox – procurement leaders understand AI’s potential for strategic decision-making and higher-value work, but many functions are still overlooked in the wider investment strategy”, said Ashifa Jumani, Director of Procurement, TELUS, “To get past this, we need leadership to champion the ‘why’ behind AI, treating it as an augmentation tool that empowers our people, not as a threat. When we use AI to handle the routine, repetitive tasks, our teams are freed up to focus on strategy, the essential human skills, relationship-building, negotiation, and long-term value creation.”
footnote
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SAP Taulia’s AI in Procurement Report polled 600 Senior Decision Makers in the procurement function who have decision making responsibility over supply chains, between 7th–14th August 2025 ↩
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]]>The post Press release: National Youth Council, KPMG in Singapore and Institute of Public Relations of Singapore (IPRS) co-design youth action programme for youths to drive social sustainability projects with industry mentors first appeared on Treasury Today.
]]>25th November 2025 – At the Gen2050 Youth Action Forum, KPMG, the National Youth Council (NYC), and the Institute of Public Relations of Singapore (IPRS) shared findings from a survey gathered from 1,000 youth respondents on their awareness and attitudes towards current affairs and personal growth.
The Forum is a milestone event under the Gen2050 programme, designed to spark critical conversations about global developments and their impact on youths’ lives and futures, exploring how young people perceive and respond to challenges in areas like the future of work and technological advancements. For more information about the Gen2050 programme, please refer to Annex A.
Minister of State, Ministry of Culture, Community and Youth & Ministry of Manpower, Mr. Dinesh Vasu Dash, exchanged perspectives on how youths can lead the charge to thrive in an uncertain world during a panel dialogue with industry leaders. Beyond the dialogue, the Gen2050 Youth Action Forum also featured an interactive marketplace with gamified booths to immerse youths in decision-making scenarios, highlighting the complexities of global challenges and the importance of proactive, informed decision-making.
Youths’ aspirations and attitudes towards the future
The survey, conducted by Blackbox Research, found that the majority of youths are aware of and care about global economic developments. The economic uncertainty is a concern and youths said that they hoped to have greater support in career and financial planning.
Amongst key competencies needed to succeed in the workforce, youths surveyed identified communication and interpersonal skills (33 percent), adaptability and lifelong learning (32 percent), and analytical and critical thinking (31 percent) as the most valued competencies.
Key Skills Needed to Succeed in the Future Workforce
| Communication and interpersonal skills | 33% |
| Adaptability and lifelong learning | 32% |
| Analytical and critical thinking | 31% |
| Creative and innovative thinking | 29% |
| Technical skills in a specific domain (e.g. coding) | 26% |
| Leadership and people management | 25% |
| AI and digital literacy | 25% |
| Resilience to cope with challenges/disruptions | 24% |
| International knowledge and experience | 23% |
2025 Gen2050 Quick Poll of Youths
There is also a demand for more guidance, with 65 percent of youths* indicating that they require more support for career planning. Separately, 58 percent of youths* have also indicated that they need more help with financial planning. [*Within these groups, about 58% are working adults and about 42% are students. This broadly follows the overall sample distribution of the poll.]
Whole-of-Singapore effort to uplift youths and enable them to be changemakers
Half of the respondents recognised that the Government, educational institutions, employers, and the wider society and community do play important roles in supporting them.
The 3P sectors (public, private and people sectors) are helping youths realise their aspirations. The Gen2050 youth action programme by KPMG in Singapore, NYC, and IPRS is one such effort. The programme brings together expertise and support from the 3P sectors in the areas of youth engagement, industry perspectives and mentorship to provide youths with tools, platforms, and opportunities to transform their aspirations into real-world, measurable outcomes.
The Gen2050 youth action programme is part of the SG Youth Plan engagements, a year-long series of engagements to understand youths’ aspirations and concerns. The views and insights garnered from the engagements will directly inform a 5-year action plan on youth development, created by youths, for youths.
“Youths today are discerning in their pursuit of skills — not just chasing trends, but focusing on how these skills can be practically applied to create value in their professions,” said Lee Sze Yeng, Managing Partner, KPMG.“The NYC, KPMG, and IPRS survey highlights that the next generation is deeply aware of the need for practical, impactful skills like applying AI to achieve a multiplier effect in the workplace. This underscores the responsibility of institutions and mentors to guide and empower youths, helping them navigate the complexities of value creation and equipping them for the future of work. With nearly 70 percent of KPMG in Singapore’s workforce comprising youths under 35, we are well-positioned to nurture young talent and enable them to lead and innovate in a rapidly evolving world.”
“Platforms like Gen2050 are useful to connect youths with industry leaders and policymakers, to gain insights into emerging shifts that affect the future of work and the kind of skills and attributes required to stay relevant,” said David Chua, Chief Executive Officer, NYC.
Ross Gan, President, IPRS said: “It’s encouraging to see youth prioritising communications and interpersonal skills as key competencies needed to succeed. In a post-truth world of what’s trending on social media, where artificial intelligence is redesigning how businesses create value, the capacity to communicate with clarity, demonstrate empathy and engage authentically with stakeholders for positive impact has never been more relevant. Through our growing tertiary student chapter network and participation in mentoring programmes such as Gen2050, the IPRS enables industry practitioners to share their hard-earned wisdom with aspiring youth to help them succeed and thrive.”
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