Singapore Has Fintech Dreams, But It's Short on Tech Talent
- Cyber experts, blockchain gurus in short supply in city-state
- Tech startups battle fiercely to attract software engineers
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Singapore’s goal of becoming a high-tech financial hub is running into real-world problems of labor supply and demand.
Technology startups in many countries are fighting to attract skilled workers like software engineers. Yet in the tiny city-state of Singapore, with a population of 5.6 million, the dearth of talent is particularly acute. The nation’s universities and polytechnic schools churn out what the government estimates are 400 graduates a year with the right qualifications, well short of plans to add 1,000 financial tech jobs annually, according to the Singapore Fintech Association.