Supported by Digital Industry Singapore (DISG), Infocomm Media Development Authority of Singapore (IMDA) has partnered with a financial technology company to grow its Singapore workforce by nearly 25%. The company’s expansion will create many new exciting job opportunities for Singaporeans, as the company looks to deliver on its goal of leveraging technology to make financial services and commerce more convenient, affordable, and secure.
Singapore is a strategic market and location for the company and new employees, supported by IMDA’s TechSkills Accelerator (TeSA) Programme, will join the company’s diverse local and global team at its Singapore-based international headquarters to collaborate on solutions that serve the company’s more than 400 million consumers and merchants worldwide.
Projects include:
- Enabling the company’s solutions to facilitate the digitalisation process for small to medium-sized businesses in Singapore, which encompasses improving business operations and the ability to expand beyond domestic borders.
- Strengthening the company’s wallet experience for consumers and optimising the Commerce Platform, a comprehensive solution for businesses with powerful and flexible payment processing capabilities.
- Supporting enterprise-wide projects to enhance risk, compliance, trust and security of the company’s platform.
Backed by world-class risk management and compliance teams, the company’s product teams work to rapidly deploy products and capabilities that better serve customers. Singapore is also home to the Innovation Lab, one of only three worldwide and the first outside of the United States. To date, the teams in Singapore have successfully contributed to almost 140 patents in areas including advanced communications security, data science and Artificial Intelligence (AI).
The Infocomm Media (ICM) sector in Singapore has consistently outperformed its overall Gross Domestic Product (GDP) growth in the past five years. During the COVID-19 pandemic in 2020, it continued to grow by 4.8%, one of the few sectors in Singapore that did so. The sector’s growth in 2020 translated into attractive careers for Singaporeans, with local employment in ICM growing by more than 8,000.
IMDA has identified product development as an area of good tech jobs for Singaporeans, which will support the region’s growing demand for digital solutions. These are technology roles that are responsible for developing a strategy, roadmap and features for products, such as data analysts, program managers and data scientists. Tech talent in these roles helps create, build and scale digital products.
IMDA Chief Executive said that COVID-19 has accelerated the demand for digital services and innovation across the economy. This will generate good jobs for Singaporeans in areas like Product Development. Since July 2020, they have created more than 5,500 training and job opportunities.
As reported by OpenGov Asia, To encourage more Singaporeans, particularly those without a tech background, to consider a career in the growing Information and Communications Technology (ICT) sector, Minister for Communication and Information and Minister-in-charge of Smart Nation and Cybersecurity launched the second edition of SkillsFuture Month X Smart Nation (SFM X SN).
The ICT sector has registered strong growth even amid the COVID-19 situation. In 2020, the Information and Communications sector was one of several sectors that registered positive growth in employment. Good jobs are available in this sector. Under the SGUnited Jobs and Skills package, more than 13,600 job seekers have been placed into jobs, company hosted traineeships and attachments, as well as training opportunities in the ICT sector as of February 2021. Over 18,000 of these opportunities remain on offer.
Tech companies are growing their product lines to meet the needs of consumers from a wide spread of sectors, including sustainability, aviation, and transport. Workers with both the digital skills and the experience to apply these skills to a particular sector are in demand. Jobs are also available for workers without formal technical training. According to the Jobs Situation Report for the ICT sector, about 1 in 3 jobs in the ICT sector are tech-lite jobs that do not require formal certification.
