New measures to lift skills in finance sector

Deputy Prime Minister Tharman Shanmugaratnam said at the Fintech Awards that the University of Pennsylvania's Wharton School will launch an executive education programme in Singapore focused on financial innovation next year.
Deputy Prime Minister Tharman Shanmugaratnam said at the Fintech Awards that the University of Pennsylvania's Wharton School will launch an executive education programme in Singapore focused on financial innovation next year.ST PHOTO: KUA CHEE SIONG

Finance industry professionals will have more avenues to upgrade their skills and knowledge, with a series of new education initiatives announced last night.

Deputy Prime Minister Tharman Shanmugaratnam said at the Fintech Awards that the University of Pennsylvania's Wharton School will launch an executive education programme in Singapore focused on financial innovation next year.

A committee has also been formed to identify information and communications technology skills in demand, and work with training providers to meet these demands.

He also announced a new grant scheme, under which the Government will fund up to half the cost of promising fintech "proof-of-concept" trials based in Singapore, or a maximum of $200,000 for each project.

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A version of this article appeared in the print edition of The Straits Times on November 18, 2016, with the headline 'New measures to lift skills in finance sector'. Print Edition | Subscribe