Boom in fintech hiring as Singapore expands status its financial hub
Future demand for fintech talent appears to be strong, with 94% of survey participants planning to expand their current workforce within the next 12 months. Looking more long-term, 28% of respondents expect to double their headcount within the next three years. This is based on the findings of the FinTech Talent Survey 2019 by Singapore FinTech Association (SFA) and PwC Singapore.
The city state is a leading regional financial centre and home to 40% of fintech firms in the ASEAN region. Demand is coming from both local and international firms that use Singapore as their gateway into the region.
‘’With the rising demand for talent, it is unsustainable for fintechs to solely count on bringing in foreign talent. It’s very important for Singapore to continue to train and equip our workforce with the right skills and mindset that will help the industry thrive in long run,’’ says Wong Wanyi, a partner specializing in fintech at PwC Singapore.