A fintech jobs board built by the Singapore Fintech Association is set to erase the COVID-19 job losses. The Singapore Fintech Association announced the noble project on Monday, and the platform has already had more than 500 vacancies for the candidates to apply.
The newly launched portal is a bridge between employers and job seekers in the fintech industry. As per Business Times, the portal has six categories, including data analytics, accounts and finance, information technology, marketing, management, and business development. Users can register for the jobs according to their qualifications. The concept has been designed to help people recover from COVID-19 triggered job losses.
Fintech jobs board to help check COVID-19 layoffs
Singapore is known to be crypto and blockchain-friendly. The south Asian nation has always supported a vibrant blockchain development scene through suitable regulatory policies. Besides helping people find jobs, the portal also provides information to the companies about the various fintech-related grants available to them.
The association took notice of the rapid job erosion in the wake of the Coronavirus threat. The fintech jobs portal in Singapore aims to check this erosion and bring balance to the jobs market.
Governments all over the world are discovering innovative solutions to bring stability to the falling jobs market due to the COVID-19 pandemic. The fintech sector has been particularly affected since the payment mechanisms were still in the nascent stage when the pandemic hit.
Fintech sector to power recovery efforts
In its statement, the association mentions that despite the substantial economic disruption caused by the Coronavirus pandemic, the fintech sector has been resilient. Therefore, a dedicated fintech jobs portal is sure to help it bounce back swiftly from the recent downturns. Accelerated digital transformation can trigger a quick post-pandemic recovery. Fintech jobs can help secure livelihoods also contribute to quick recovery efforts.
Interestingly, a recent Boston Consulting Group report mentions that Coronavirus lock-downs may have increased fintech jobs. Fintech firms in Singapore saw a rise of $650 million in investments so far this year.