Singapore and Indonesia ink deal to boost fintech talent

Temasek Foundation International will use $523,000 for the cross-border academic learning programme.

Singapore and Indonesia will team up to implement a fintech learning programme for higher education providers in Indonesia, an announcement revealed.

Temasek Foundation International (TF INTL) and Ngee Ann Polytechnic (NP) will partner with Indonesia’s Ministry of Research, Technology and Higher Education (MoRTHE) to implement a programme which will facilitate an exchange of knowledge among academia, industry partners and regulators in the financial technology (FinTech) sphere. To lay this out, TF Intl committed to shell out $523,000 for the cross-border programme.

“The digital economy is disrupting work and indeed, lives. TF INTL chief executive Benedict Cheong said. “This means that educators need to collaborate to reinvent and update their skills to keep pace with industry developments.”

Over the next three years, the three parties will implement a fintech learning programme for higher education providers in Indonesia where 180 academic leaders and faculty from Indonesian tertiary institutions will work on a fintech curriculum and capability. The cross-border programme will span over two runs, ending in 2020.

“There’s a lot our two countries can learn from each other as FinTech starts to impact the way our populations gain access to financial services,” Ngee Ann Polytechnic principal Clarence Ti commented.