SINGAPORE - Singapore is facing an acute talent shortage in the financial technology sector, according to a big majority of companies surveyed by recruiting firm Michael Page.
The biggest obstacle is the lack of professional skills available, as well as skilled employees switching jobs, with 37 per cent of fintech professionals surveyed saying they had changed jobs within the past 12 months. Nilay Khandelwal, Michael Page Singapore managing director, said that to ease the acute shortage of fintech talent, Singapore needs to nurture and produce top quality and industry-ready talent through education. This is to ensure the country has the capabilities to continue growing the sector.
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