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, 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
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.”
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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.