The Monetary Authority of Singapore and five local Polytechnics have signed a Memorandum of Understanding to promote skills development in Financial Technology.
The Monetary Authority of Singapore (MAS) and the five local polytechnics have agreed on a framework to review and enhance the polytechnics’ curricula in the next three years to prepare and equip their graduates with the skill sets necessary to take on the new fintech-related careers developing in the financial sector.
More than 2,500 students who are enrolled in the banking and IT-related courses in the polytechnics each year are set to benefit from this initiative.
Nurturing the Fintech Talent Pool
The Memorandum of Understanding (MOU) will cover areas such as internships, curriculum reviews and joint projects with the growing fintech community.
MAS will facilitate introductions between final year students and potential partners for final year projects. The students will have the opportunity to work with the fintech community on joint projects that allow them to apply their technical skills.
«This MOU signifies the concerted effort being taken by MAS and the local polytechnics to nurture a pool of skilled manpower for the growing FinTech community in Singapore and will be a key area of focus in the financial sector’s SkillsFuture drive,» said Sopnendu Mohanty MAS’ Chief Fintech Officer.
