A Winning Proposition for The Fintech Industry
On 2 November 2022, the Singapore Institute of Technology inked seven Memoranda of Understanding with reputable companies to jointly nurture fintech talents. The partnerships aim to strengthen the workforce through several initiatives.
Front row, from left: Mr Bryan Lim, Executive Director, Head of Group Talent and Development, UOB; Ms Neetha Nair, Head of Future-Ready Workforce, Prudential Singapore; Ms Gill Rees, Global Head of HR for Transformation, Technology and Operations, Standard Chartered Bank; Ms Gillian Tan, Assistant Managing Director of the Development and International Group, Monetary Authority of Singapore.
Following the launch of SIT’s new programme, Bachelor of Science with Honours in Applied Computing with a specialisation in Fintech (BSc AC (Fintech)), earlier this year, the university has established partnerships with six financial institutions and an IT service provider on 2 November 2022 at the Singapore Fintech Festival. Seven Memoranda of Understanding (MOU) were inked with AIA Singapore, DBS Bank, Infosys, Oversea-Chinese Banking Corporation (OCBC), Prudential Singapore, Standard Chartered Bank and United Overseas Bank (UOB).
The partnerships signify their support to jointly develop current and future talents through a number of initiatives that cut across both Pre-Employment Training (PET) and Continuing Education and Training (CET).
Deepening Undergraduates’ Learning Opportunities
Launched in partnership with the Infocomm Media Development Authority (IMDA) and the Monetary Authority of Singapore (MAS), the three-year BSc AC (Fintech) degree programme trains students in both technical skills and financial domain knowledge to position them for careers in high-growth financial technology areas. As a Work-Study Degree, the programme features an enriching 16-month work attachment over three years under the ‘Term-In-Term-Out’ (TITO) model. Students will alternate between spending one to two trimesters in university and at the workplace.
Through the MOU, SIT and the seven companies will co-develop the degree programme and enable work attachments and learning opportunities through the Integrated Work Study Programme (IWSP) and industrial projects. There will also be various opportunities for SIT students and faculty to participate in Fintech projects, where they will collaborate with industry partners to deliver integrated solutions that address business challenges.
Lifelong Learning through Workplace Learning Opportunities
In addition to enhancing undergraduates’ learning, SIT and the companies will augment in-employment learners’ upskilling through workplace learning. The entities will explore programmes that include specialised training for professionals to keep up to date with the latest technologies, trends and practices
The War for Talent – An Insider’s Perspective
The MOU signing ceremony was followed by an insightful talk on fintech talent acquisition and retention by Ms Gill Rees, Global Head of HR for Transformation, Technology and Operations, Standard Chartered Bank.in the financial sector.
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