SINGAPORE - Nanyang Polytechnic (NYP) has partnered financial technology (fintech) hub LATTICE80 to offer its students internships during their first two years in school.
From June, at least 100 first and second-year students from NYP's school of business management will experience on-the-job training at LATTICE80. The voluntary internship programme will range from one to six months and students who perform well may be offered full-time employment at LATTICE80 or at one of the start-ups located within the hub.
Launched last November, LATTICE80 is a 30,000 sq ft hub which houses more than 85 fintech start-ups. The Marvelstone Group-founded space provides a space for fintech start-ups to collaborate, connect and co-create.
Mr Joe Seunghyun Cho, CEO of LATTICE80 and chairman of Marvelstone Group, said in a statement: "Our innovative joint programme will encourage industry-academia collaborations within the fintech industry... to raise awareness and understanding of the emerging field of fintech."
Earlier this year, the Monetary Authority of Singapore (MAS) announced a slew of measures to boost the financial sector, following recommendations by the Committee on the Future Economy. These include providing technology infrastructure to drive innovation in areas such as fintech and e-payments. Since 2015, MAS has set aside $225 million to develop fintech projects.
Ms Loh Chuu Yi, director of NYP's business school, added: "This experiential attachment gives our students a head start and insights into the industry to prepare them for jobs of the future. A strong talent pool, well-invested with relevant skills, will be crucial in building Singapore's fintech ecosystem."