Educare Global Academy and CLPS Technology (Singapore) Pte. Ltd, a global information consulting and solutions service provider, signed a Memorandum of Understanding on 7 June 2022 to develop and promote an education programme focused on banking and fintech in Singapore.
This strategic partnership will enable both companies to synergise their expertise and resources in the tertiary education and the IT industry to produce competent and highly skilled IT talents who can fulfil industry demands in Singapore and neighbouring countries.
To ensure that the graduate’s education is directly applicable to their career in the Fintech and IT relevant sectors to achieve success, strong support in the internship attachments will be provided, this includes interview assistance and mentoring and arranging of job interviews.
Students pursuing the post-graduate programme can also look forward to acquiring industry-relevant skills through qualified teachers, practical lab simulations and up-to-date quality teaching materials.
Dr. Eric Lim, Director of School of Educare Global Academy, said, “In Singapore, the shortage of IT talents in banking and fintech can be attributed to the lack of post-graduate programmes with real life hands-on applications. By cooperating with leading IT service companies like CLPS, we hope to implement innovative approaches to develop talents with professional IT skills and business acumen. As a result, such approaches will enhance their confidence and competency, allowing them to pursue a successful career in the digital era.”
“We are excited to share our innovative technology expertise and application experience in developing and nurturing IT talents equipped with the requisite skills in order to enable digital transformation in this new era,” said Mr. Wilson Wong, Executive Vice President of CLPS.
Singapore has taken the top spot in the Asia-Pacific region in the Global Fintech Ranking 2021. A conducive regulatory environment that supports innovation in investment and wealth management, cybersecurity, robo-advisory and compliance is driving demand for FinTech education and talent in Singapore.
According to the Singapore Fintech Association 2021 talent report, Singapore’s FinTech workforce is estimated to grow by an average of 37.7%. There is an urgent and increasing need for people with highly specialised emerging skillsets.