Visa to develop Singapore polytechnic students for growing FinTech sector

This joint initiative aims to narrow the FinTech skills gap and strengthen the local skilled talent pool.

Global payment technology company Visa, is partnering with the Singapore FinTech Association and five local polytechnics, to nurture future FinTech (financial technology) talent through a series of engagements with students from the five polytechnics in Singapore.

The joint initiative aims to build a steady pipeline of talent in to cope with the growing demand for locals with relevant skills, as well as provide a gateway for students to make their first foray into the finance industry.

The partnership is also in line with Singapore’s SkillsFuture and STEM movement, aimed at equipping Singaporeans with the necessary skillsets for the digital economy.

As part of this partnership, students will have the opportunity to engage with payment experts from Visa, and visit the Visa Innovation Lab, where they can learn about the future of payments and challenges in the payments landscape. A number of Visa employees will be assigned as mentors to these students to allow interactive learning.

Modules related to FinTech and the payments industry will be conducted at Visa’s learning centre – Visa University. Finally, students will participate in a business case challenge to round up their learnings.

This initiative was introduced after the polytechnics, Ngee Ann Polytechnic, Nanyang Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic, signed a Memorandum of Understanding with Singapore Fintech Association in February this year.

“Through this initiative, students will attend learning sessions conducted by Visa representatives and be involved in business case challenges. We hope to inspire our young talent to join this exciting community,” said Ooi Huey Tyng, Visa Country Manager for Singapore and Brunei.

Clarence Ti, Principal of Ngee Ann Polytechnic, is heartened to see the upsurge in innovation labs and workshop opportunities for polytechnic students.

“This is a great initiative for them to stay ahead of the FinTech game, in order to meet the industry’s demands,” he said.

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