Temasek Foundation and Indonesia To Develop Fintech Talents
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Temasek Foundation International (TF INTL) and Ngee Ann Polytechnic (NP) has partnered with Indonesia’s Ministry of Research, Technology and Higher Education (MoRTHE) on Wednesday to deliver a new programme that encourages an exchange of knowledge among academia, industry partners and regulators in the financial technology (FinTech) sphere.
«The digital economy is disrupting work and indeed, lives. This means that educators need to collaborate to reinvent and update their skills to keep pace with industry developments,» said Benedict Cheong, chief executive of TF INTL in a press statement.
Educators To Benefit
This programme will enable educators from Indonesia and Singapore to exchange knowledge and develop new ways to train aspiring youths in financial technology, Cheong said.
«We hope to develop lecturers with high performance and good understanding in Financial Technology, to supply talent who can compete in the industry’s 4.0 era. This MoU will give a lot of benefits to Indonesia’s Higher Education, especially in universities and polytechnics in Indonesia,» said Ir. Paristiyanti Nurwardani, director of learning of MoRTHE.
Commitment
TF INTL has committed a grant of about S$523,000 for this cross-border programme, which will include experiential learning through lab crawls, hackathons, seminars and workshops.
The course participants will get to visit and network with FinTech developers and users to gain fresh insights into the emerging field, as well as take part in challenges that will inspire innovative applications for the financial sector.
Collaboration
Over the next three years, the three parties will collaborate to implement a FinTech learning programme for higher education providers in Indonesia. Some 180 academic leaders and faculty from Indonesian tertiary institutions will work towards developing FinTech curriculum and capability.
The programme will span over two runs, ending in 2020. The institutions confirmed for the first run include: Institute Teknologi Bandung (ITB), Politeknik Negeri Jakarta (PNJ), Universitas Indonesia (UI), Universitas Pendidikan Indonesia (UPI), Universitas Padjadjaran (UNPAD) and Univeristas Airlingga (UNAIR).
Questions & Answers
Q.What is the primary goal of the new programme between Temasek Foundation, Ngee Ann Polytechnic, and Indonesia’s MoRTHE?
What is the primary goal of the new programme between Temasek Foundation, Ngee Ann Polytechnic, and Indonesia’s MoRTHE?
The programme aims to foster knowledge exchange among academics, industry professionals, and regulators in financial technology. It intends to update educators' skills to keep pace with industry developments and prepare youth for the FinTech sector.
Q.How will the S$523,000 grant from Temasek Foundation International be utilised in this cross-border programme?
How will the S$523,000 grant from Temasek Foundation International be utilised in this cross-border programme?
The grant will fund experiential learning activities including lab crawls, hackathons, seminars, and workshops. Participants will visit FinTech developers and users, network, and engage in challenges to inspire innovative financial sector applications.
Q.Which specific institutions are confirmed to participate in the first run of this FinTech learning programme?
Which specific institutions are confirmed to participate in the first run of this FinTech learning programme?
Confirmed institutions for the first run are Institute Teknologi Bandung, Politeknik Negeri Jakarta, Universitas Indonesia, Universitas Pendidikan Indonesia, Universitas Padjadjaran, and Universitas Airlangga.
Q.What is the expected duration of this collaboration and how many academic leaders will be involved?
What is the expected duration of this collaboration and how many academic leaders will be involved?
The collaboration will span three years, ending in 2020, and involves two runs of the programme. Some 180 academic leaders and faculty from Indonesian tertiary institutions will participate in developing FinTech curriculum and capability.
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