SFA inks deal to help fill more than 10,000 FinTech jobs

It is partnering with five local polytechnics.

The five local polytechnics and Singapore FinTech Association (SFA) have inked a Memorandum of Understanding (MOU) to deepen collaboration between educators and the FinTech industry. This supports the PolyFinTech 100 initiative, launched last October to develop a strong talent pool trained in financial technology to aid Singapore in becoming a Smart Financial Centre.

According to a recent release, this is the first MOU that SFA has inked with the polytechnics – Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic. The MOU underscores SFA’s commitment to enhance the FinTech eco-system through active and continuous engagement of polytechnic students.

In conducted in 2015, employers estimated that there would be 5,100 vacancies for roles within network and infrastructure in the next three years (2016-2018), with a further 5,700 jobs in data analytics and cyber security. This collaboration prepares polytechnic graduates to meet these demands. Additionally, the involvement of start-ups, financial institutions and regulatory bodies will ensure that the programmes developed are relevant to industry needs.

The plans for 2017 include innovation lab crawls, internships, and workshops.

“This MOU kick-starts an enriching partnership with the polytechnics to nurture a pool of skilled manpower for the flourishing FinTech community – a critical success factor for FinTech development in Singapore,” SFA’s President Mr Chia Hock Lai said.