Singapore Fintech Association Builds Job Board for Post-COVID Fintech Growth

The Singapore Fintech Association announced on Monday, July 20th, the creation of a jobs and grants portal to assist jobseekers and employers in the fintech space.

According to the Business Times, a Singaporean news outlet, the portal currently lists over 500 job vacancies that are spread across six categories.

These include information technology, business development, data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term, management and business, account and finance, as well as marketing and public relations.

The portal also includes information about grants that are available to companies and individuals in the fintech space, as well as training opportunities for individuals working in the fintech sector. The portal

The Association launched the portal in an attempt to balance instabilities in the job market caused by the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term

The portal was reportedly launched in an effort to counteract the instability in job markets that have occurred as a result of the COVID-19 pandemic, as well as to support the apparent growth of the fintech sector that has resulted from the pandemic.

The association said in a media statement on Monday that "amid the uncertainties and disruption from Covid-19, the FinTech sector in Singapore has shown resilience and is poised to bounce back quickly post-pandemic as financial institutions accelerate their digital transformation journey and as more customers adopt digital solutions.”

Indeed, citing a June 2020 report by the Boston Consulting Group, the association said that the pandemic may have created more job opportunities for fintech workers in the long term: investments in Singapore-based fintech firms rose to S$650 million throughout the first half of the year, representing a 19 percent increase.

This is likely because as banks and other traditional financial institutions have faced difficulties as a result of the pandemic, fintech firms seem to be increasing their numbers of clients.

Indranee Rajah, the Second Minister for Finance and Education, spoke about the growing importance of the fintech sector in a statement on the portal's launch.

"Despite current challenges, FinTech has an essential role in ensuring digital acceleration for stakeholders both in and beyond the financial industry,” Rajah said.

“We should not miss this once-in-a-generation chance to transform, so that Singapore businesses can emerge stronger in the post-Covid-19 world, and remain viable for years to come.”

The portal is available the Singapore Fintech Association’s official website.