04
March
2022
|
16:45
Asia/Singapore

Applied Computing with a Specialisation in Fintech Degree Programme Launched to Develop Talents for Financial Services Sector

The new three-year direct honours programme by Singapore Institute of Technology (SIT) is launched in partnership with Infocomm Media Development Authority (IMDA) and Monetary Authority of Singapore (MAS). Graduates will be equipped with both technical skills and financial domain knowledge, to position them for careers in high growth technology areas in the financial sector.

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The Singapore Institute of Technology (SIT), in partnership with Infocomm Media Development Authority (IMDA) and Monetary Authority of Singapore (MAS), is launching a new Bachelor of Science with Honours in Applied Computing with a specialisation in Fintech degree programme in Academic Year 2022 (AY2022). Through this three-year programme, graduates will be equipped with both technical skills and financial domain knowledge, to position them for careers in high growth technology areas in the financial sector.

The employment outlook for the financial sector remains strong, especially for technology job roles such as software engineers, cybersecurity engineers, and data analysts. The technology workforce in Singapore’s financial sector is estimated to have grown over 45% since 2015 when MAS partnered the industry to embark on the roadmap to become a Smart Financial Centre. The growth momentum will continue as the sector continues to digitalise and innovate.

Building on SIT’s expertise in applied learning, the programme will be a SkillsFuture Work-Study Degree (WSDeg), which has been an effective pathway for students, including Polytechnic graduates, to gain the skills and experience needed to capture high-value jobs. Students will be trained in software engineering, project management, as well as growth areas such as machine learning and blockchain, and will be equipped with financial domain knowledge such as financial products and investment management.

The programme has received endorsements from industry partners, including AIA Singapore, DBS Bank, J.P. Morgan, and Standard Chartered Bank.

A strategic alliance between AIA Singapore and SIT will be established to build local core talents in the finance sector, with AIA committed to supporting close to 50 WSDeg learners over three years. Attractive stipends will be offered to learners, and a sign-on bonus will be awarded to graduates who continue their work with AIA.

SIT will offer 40 places for this programme in its inaugural year. Admission to the programme will be opened to admitted SIT students of the Information and Communications Technology (Information Security) and Information and Communications Technology (Software Engineering) programmes in AY2022 on a selective basis. From Academic Year 2023, interested applicants will be able to apply during the admission exercise. Interested applicants may contact SIT at ADM@singaporetech.edu.sg.

About Singapore Institute of Technology

The Singapore Institute of Technology (SIT) is Singapore’s first University of Applied Learning, offering industry-relevant degree programmes that prepare its graduates to be work- and future-ready professionals. Its mission is to maximise the potential of its learners and to innovate with industry, through an integrated applied learning and research approach, so as to contribute to the economy and society. 

The University’s unique pedagogy integrates work and study, embracing authentic learning in a real-world environment through collaborations with key strategic partners. Its focus on applied research with business impact is aimed at helping industry innovate and grow. Targeted to be ready in 2024, SIT’s centralised campus within the larger Punggol Digital District will feature a vibrant learning environment where academia and industry will be tightly integrated with the community.

For more information, visit www.SingaporeTech.edu.sg