iMocha Advances Skills Intelligence with Singapore Skills Framework for BFSI

CHANGI, Singapore - April 3, 2024 - PRLog -- iMocha, a global leader in Skills Intelligence, has enhanced its platform by integrating the Singapore Skills Framework, revolutionizing skills evaluation for the BFSI industry. This integration offers detailed skills architectures of job-specific skills within the BFSI sector, categorizing them into essential skills required to navigate the rapidly evolving market trends and prepare for future industry shifts.

The Singapore Skills Framework, a pivotal element of the SkillsFuture initiative, aims to promote continuous skill development and learning among the BFSI sector globally. Developed collaboratively by SkillsFuture Singapore (SSG), the Institute of Banking and Finance (IBF), the Monetary Authority of Singapore (MAS), and Workforce Singapore (WSG), along with contributions from employers, industry associations, educational bodies, and training providers, this framework provides critical insights into skill enhancement.

Sujit Karpe, iMocha's Co-Founder and CTO, shared his enthusiasm about this development, stating, "The synergy between the Singapore Skills Framework and iMocha's Skills Intelligence platform is poised to transform the BFSI talent landscape globally, allowing organizations to make informed, data-driven decisions about talent. This has allowed us to introduce the Singapore Skills Framework as a Taxonomy-as-a-Service and to tailor skills ontologies specifically for the BFSI sector. As a result, we've empowered our customers to transform into a 'Skills-first' organization, offering them detailed insights into the vital hard and soft skills required for a variety of roles within the BFSI sector."

The fusion of the Singapore Skills Framework with iMocha's Skills Intelligence aims to revolutionize the BFSI skills landscape worldwide, preparing BFSI firms to proactively adapt to future market and technological disruptions and confidently face the AI evolution.

Benefits of this integration include:

• A significant 107% increase in the efficiency of talent placement
• A 98% improvement in the retention of high-value employees
• A notable 98% rise in recognition as an ideal place for career growth and development
• A substantial 79% improvement in cultivating a positive work atmosphere
• A significant 57% advancement in the capability to foresee and smoothly navigate changes
• A 52% higher chance of driving innovation, among other advantages.

About iMocha (www.imocha.io)

iMocha AI-driven Skills Intelligence Cloud empowers enterprises to focus on skills for hiring, upskilling, and managing talent effectively across various industries. Over 500 companies in 70+ countries leverage iMocha to implement a Skills-First strategy, enhancing hiring processes, learning and development, and talent management from recruitment to alumni. The platform serves key sectors like IT, Telecom, Banking, Financial Services, Insurance, and Engineering, enabling them to make informed talent decisions.

Featuring patented technology, iMocha offers capabilities such as employee skills profiling, skills inventory, taxonomy, and ontology, along with skill benchmarking and analytics. This facilitates a Skills-First approach in hiring, development, and talent management, optimizing organizational talent strategies.