The Asian Institute of Chartered Bankers (AICB) has unveiled FSF Xcel, Malaysia’s pioneering digital skills assessment platform for the financial sector. This initiative is designed to benchmark workforce capabilities and expedite upskilling, supporting Malaysia’s shift towards a more adaptive and sustainable financial ecosystem.
FSF Xcel builds on the Future Skills Framework (FSF) introduced in 2024, offering structured, industry-validated assessments. These assessments help financial institutions identify skill gaps, map learning and career pathways, and future-proof talent strategies. The platform covers 159 job roles and 157 critical skills, including both technical and behavioural competencies.
Developed in collaboration with Accendo Technologies, a Malaysian AI-powered talent intelligence company, FSF Xcel integrates global best practices with local expertise. This collaboration aims to strengthen Malaysia’s financial talent pipeline, aligning with Bank Negara Malaysia’s Financial Sector Blueprint 2022–2026.
The financial sector, contributing an estimated 6.7% to Malaysia’s GDP in 2024 and employing nearly 167,000 professionals, remains vital to national economic growth. FSF Xcel accelerates the industry’s transition towards a digitally fluent, innovation-driven workforce. It offers real-time analytics and a common competency language to guide workforce planning and benchmark capabilities.
As Malaysia continues to evolve its financial sector, FSF Xcel is poised to play a crucial role in ensuring the workforce is equipped with the necessary skills to thrive in a rapidly changing environment.
