back Back

MAS launches scheme to encourage FinTechs to hire and train university students in Singapore

By Leandra Monteiro

April 24, 2023

  • Digital Transformation
  • Financial Sector Development Fund
  • Financial Services
Share

MAS The Monetary Authority of Singapore (MAS) announced the launch of the Polytechnic Talent for Finance Scheme to encourage financial institutions to hire and train polytechnic students and graduates.

Speaking at a Growing Timber event, Alvin Tan, Minister of State, Ministry of Culture, Community and Youth, and Ministry of Trade and Industry, and Board Member of MAS, shared that the financial sector offers good jobs and rewarding careers for polytechnic graduates. Financial institutions can do more to tap on polytechnic graduates as a talent source to expand the overall pipeline of talent in the sector.

MAS, through the Financial Sector Development Fund, will set aside S$8 million over the next three years for the Polytechnic Talent for Finance scheme. The scheme will be administered by the Institute of Banking & Finance (IBF).

Gillian Tan, Assistant Managing Director (Development and International), MAS, said, “Polytechnic graduates are a valuable talent pool for the financial sector. The PTFS, which was co-created by MAS, the polytechnics and financial institutions, will enable our polytechnic talent to take up meaningful jobs and position them for success in financial sector careers.”

William Lim, Director, School of Business & Accountancy, Ngee Ann Polytechnic (NP), which is the appointed Sector Coordinator for the Accountancy & Financial Services sector, said, “The PTFS initiative builds upon our existing efforts to develop a sustainable pipeline of talent, as well as support upskilling and reskilling needs. Through this collaborative effort, we look forward to strengthening the industry-academia nexus and creating more opportunities for polytechnic students and graduates to pursue their professional development and careers with financial institutions.”

Previous Article

April 24, 2023

FintechOS partners with EY to boost innovation of financial institutions

Read More
Next Article

April 24, 2023

Africell launches mobile money services in Angola

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

Digital Transformation

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Fimple partners with CR2 to enhance digital banking and payments

Read More

February 29, 2024

ClearBank appoints Emma Hagan to head UK operations

Read More

February 28, 2024

audax & Thought Machine team to offer digital banking & BaaS solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023