Singapore Fintech Recruitment Trends

Simon Eglise, EC1 Partner’s Co-founder and Managing Director APAC, was at this year’s FinTech Festival talking to Nasdaq’s Jill Malandrino on the strength of Singapore’s FinTech talent market, in demand roles and growth areas for 2020.

Listen to the video here or read our summary below.

What are some of the job titles and talent that you’re looking for at Singapore at the moment?  

One of the most prevalent skillsets or needs right now is Software Engineering and Software Development, given the nature of a lot of the businesses here which are so tech rich and tech centric, these skills are in high demand.  Data Science is incredibly hot.  As companies get attracted to Asia via Singapore, there is an immediate need to create revenue, so sales skills are also in-demand.  

Do you envisage that changing?  What do you see are the growth areas for 2020?

I think it will be a continuation of the same, maybe more specialised expertise in software engineering and development; around AI, blockchain, data science.  

“Cyber security skills will be prioritised, especially given that there have been a few high-profile cybersecurity breaches in Singapore recently.”

The need for regulatory expertise or regulatory tech expertise will grow I think as financial institutions push their digital solutions.  

Are companies actively hiring?

Recruitment is quite a good barometer for the health of the market.  

“There is a huge amount of hiring going on.   Singapore is doing a very good job of creating itself as the gateway to Asia for Fintech.

This creates a problem in some ways as there is a finite pool of talent with more companies moving into the region all trying to hire for the same skills, but it’s incredibly busy and active at the moment.  

Do you think these FinTechs are going to expand into APAC overall? There are some pockets, Hong Kong in particular, that are not that attractive a job market, despite the advances that they’ve made.   What are your thoughts around the different regions?

Singapore is driving a lot of this change and growth.  Emerging markets in Asia are creating FinTech hubs – Malaysia, Vietnam, Thailand, Philippines.

Uncertainty in Hong Kong plays into Singapore’s hands a little, in terms of reinvestment in staff in Singapore.  But I think the FinTech drive is very much coming from Singapore.

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