Launches in May, the Center for Finance, Technology, and Entrepreneurship, abbreviated as CFTE, is an education platform created for finance professio
Launches in May, the Center for Finance, Technology, and Entrepreneurship, abbreviated as CFTE, is an education platform created for finance professionals. The platform is aimed at helping finance professionals adapt to the new world of finance 2.0. As per information available on its website, technology is causing profound changes in finance. In this regard, CFTE is keen on providing finance professionals with the technology-related skills required to keep up with the changing sector. Towards this end, the organization has revealed plans of setting up an International Hub in Singapore with the aim of equipping finance professionals with the requisite FinTech skills.
According to a report from FinTech Finance, CFTE will be working closely with Monetary Authority of Singapore, or MAS for short, in formalizing a plan to expand its platform to the Association of Southeast Asia Nations (ASEAN). The Chief FinTech Officer of MAS, Sopnendu Mohanty welcomed CFTE’s plans to set up an education hub in Singapore. Mohanty remarked that the people factor is vital to the success of the FinTech sector and their innovation-driven Smart Financial Centre, and that it was at the heart of what MAS was doing towards sustaining and growing the FinTech movement in Singapore, via a vibrant range of channels and opportunities for people to develop skills that are necessary to the market.
Given the emergence of FinTech companies that are disrupting traditional financial services, there has been an increase in the number of innovative products being offered by forward-thinking companies. In this regard, there has been a demand for professionals who are able to understand the new technologies.
CFTE plans to deliver courses on a variety of areas in the finance industry. Some of the courses that will be offered include blockchain, artificial intelligence, application programming interface or APIs, coding, and RegTech. The courses will be delivered either online or via in-class training. The curriculum has been developed with the assistance of several key players including Citi, Havard Business School FinTech SuperCharger, Hong Kong University, Imperial College London, HSBC, Holberton School, Ping An and Lloyds Banking Group.
In April there were reports that IBM in partnership with the National University of Singapore had developed educational modules on blockchain technology. The reports preceded the launch of IBMs blockchain innovation center in mid-2016. This helped rubber stamp Singapore as a FinTech hub.