“There will always be a talent crunch in the fintech space,” Hayley Yap says emphatically, “because new businesses are coming in, new initiatives, which means we are always looking for people who can do more or do something different.” Yap knows a thing or two about this as the Group Head of People at Singlife, a 1,500-strong technology-empowered financial services company. “So, how do you keep that stream going in a sector that moves faster than we can say hello?” she asks rhetorically. Indeed, that is the million-dollar question for the fintech landscape. The Singapore fintech market is highly competitive and fragmented. Even so, in its report, Mordor Intelligence says the city-state has proven to be the largest market for the fintech industry throughout Asia. In terms of transaction value, the Singapore fintech market size is expected to grow from US$38.8 billion ($52.2 billion) this year to US$63.1 billion by 2029.
2023 was a challenging year for the city-state’s fintech sector, marked by a decline in funding activity. According to the 2023 Fintech Talent report jointly compiled by Accenture and the Singapore Fintech Association, the funding squeeze will continue this year, along with uncertain growth prospects. This is why fintech companies appear less gung-ho about adding to Singapore’s 18,000-strong fintech workforce.
TALENT PITFALLS
Denne historien er fra March 2024-utgaven av The PEAK Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2024-utgaven av The PEAK Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
From Screen to Store
Heini Zachariassen, founder of global wine rating app Vivino on how its first retail store in the world brings data-driven curation to wine lovers.
In the Dining Spotlight
Renowned Dutch chef Sergio Herman, whose name has been associated with the Michelin Guide in the Netherlands and Belgium, is expanding his Asian footprint with his Singapore outpost, Le Pristine in Grand Hyatt Singapore.
All for One
How would you navigate a corner if you were hearing-impaired or enjoy school if you were on the spectrum? These architects posit that inclusive design must be part of mainstream standards to improve overall living environments.
Pods and Swirling Staircases
This quirky and playful home designed by Park Associates is shaped after its owners, a young family with three children.
Stories Behind the Kebava
Sufiyanto A. S., one half of the duo behind the Kebaya.Societe Instagram account, has had enough of seeing Malay identity erased and forgotten.
Good to Go
Driving classic Jaguars on the legendary Goodwood Motor Circuit is all the magic a motorhead needs.
Seasons of the Snake
Japanese architect Tadao Ando once again works his magic for Bvlgari, with the Serpenti Tubogas as an artistic canvas for nature's cyclical transformation.
Phoenix Rising
One gutsy retired pharmaceutical executive rescued two-century-old Swiss watchmaker Bovet, and today, its presence is stronger than ever in Southeast Asia.
Con Amore, Leggiero, Presto!
Chan Weitian injects new insights into Presto Drycleaners, blending operational innovation with time-honoured values.
Preserving Paradise
Gaya Island Resort takes eco-tourism beyond the expected, blending conservation efforts with authentic luxury.
