Online bank hiring in Malaysia up 15% in March

It recovered from 9% decrease in the first two months of the year.

Online hiring for banking, financial services and insurance (BFSI) roles in Malaysia bounced back by 15% following a 9% decline in January and February, according to a report from Monster.

"Due to Southeast Asia’s rapid digitalisation, more people own smartphones than own computers, which has made them much more open to fintech such as mobile wallets,"  Monster said. "This has worked in Malaysia’s favour as it woos investment in its BFSI sector."

Online recrutiment activity in the Philippines also held steady at 15% although it tapered off slightly from 21% in January. Similarly, online BFSI hiring in SIngapore maintained momentum at 28% in March from 15% in January and 12% in February. 

In Q1, online hiring rose 12% with the IT, telecom, ISP and BPO/ITES sectors driving most of the quarterly gains.