SMU is among the six local universities who have come together with five financial associations, the Info-communications Media Development Authority and Monetary Authority of Singapore in a nationwide collaboration to better equip Singaporeans with the right skills to take up infocomm technology jobs in the financial sector. The partnership is provided for in a Memorandum of Understanding under the TechSkills Accelerator Fintech Collective with the aim of building a talent pool skilled in information and communications technology, focusing on financial technology. Partners include General Insurance Association of Singapore, the Association of Banks in Singapore, Singapore Fintech Association, Life Insurance Association of Singapore and Investment Management Association of Singapore. The partnership will align the universities’ curricula to be more industry-ready, helping university students benefit from professional education training. Through the various insights from industry-wide network of financial institutions, the collective will also cover in-demand technologies such as blockchain, cyber-security, artificial intelligence and data science.
[The TeSA Fintech Collective was announced at the Singapore FinTech Festival on Monday. The authorities estimate that more than 42,000 new information and communications technology professionals will be needed over the next three years, in industries like finance, healthcare and logistics.PHOTO: MAS/TWITTER]