LATTICE80, the fintech hub wholly owned and operated by private investment firm Marvelstone Group, has signed a memorandum of understanding (MOU) with Nanyang Polytechnic (NYP) Singapore to offer a first-of-its-kind Financial Technology (Fintech) experience program for first and second year students.
According to the MOU, qualifying NYP students can sign up to be attached to Marvelstone’s LATTICE80, to be exposed to and gain insights to the operations of Fintech Hub. Located at Singapore’s Robinson Road the Fintech hub houses more than 85 startups. The program will allow students access to the Fintech ecosystem and work with government bodies, regulators, investors, and the traditional financial sector.
“We’re extremely pleased to join forces with NYP in order to help its students with the first steps on their career paths with Fintech-related companies or in Fintech-related job roles in the future, upon completing their diploma courses,” Said Joe Seunghyun Cho, CEO, LATTICE80 and Chairman, Marvelstone Group. “
“Our innovative joint program will encourage industry-academia collaboration within the Fintech industry, including through relevant seminar and program to raise awareness and understanding of the emerging field of Fintech. Students will be welcomed starting later this year.”
LATTICE80’s 30,000-sqft not-for-profit collaboration and events space was opened in November 2016 which aims to bridge the public and private sectors. The company states that Deloitte has ranked Singapore alongside London as the world’s leading Fintech hub in a report released in late 2016. Meanwhile, the Monetary Authority of Singapore (MAS) has set aside SGD 225 million ($162 million approx.) to develop Fintech projects.
“NYP provides opportunities for students and adult learners to learn and grow, equipping them with skillsets to help them contribute to the industry and society,” said Loh Chuu Yi, Director, NYP’s Business School.
“This experiential attachment gives our students a head start and insights on the industry to prepare them for jobs of the future. A strong talent pool, well-invested with relevant skills, will be crucial in building Singapore’s Fintech ecosystem.”
The partnership between Marvelstone Group and NYP will allow both parties to tap into each other’s network of professional and industry contacts to support their mutual objectives. According to Marvelstone, students who perform well may be given the opportunity of employment with LATTICE80, following the successful completion of their internship program and studies.