# Fidor Invests Invests Close To S$800,000 (€500,000) To Develop First-Of-Its-Kind Student Academy Programme For Polytechnics In Singapore
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-08-04
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Fintech Education Partnership with Fidor Boosts Student
Meta Description: 500+ students trained by Fidor to develop innovative applications for digital banking through messaging apps and e-wallets. Learn more about this exciting
URL: https://financedigest.com/fidor-invests-invests-close-to-s800000-e500000-to-develop-first-of-its-kind-student-academy-programme-for-polytechnics-in-singaporehtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img4173-1-395-1736843617632-compressed.jpg)

_More than 500 polytechnic students and lecturers to be trained on developing FinTech applications using Fidor’s API sandbox and fidorOS digital banking platform_

Ngee Ann Polytechnic’s pilot run trains students to develop digital banking services such as banking through messaging apps and e-wallets

The five local polytechnics have partnered with Fidor the leading digital banking group, to launch a FinTech education curriculum that costs close to S$800,000 (about €500,000) to develop and an additional yearly sum of about S$160,000 (€100,000) to run.  This is the first time Fidor has introduced such a programme in the APAC region, with the aim to help boost Singapore’s [growth as a FinTech Hub in this region](https://www.financedigest.com/percutaneous-tibial-neuromodulation-devices-market-analysis-recent-trends-and-regional-growth-forecast-by-2027.html "Percutaneous Tibial Neuromodulation Devices Market Analysis, Recent Trends and Regional Growth Forecast by 2027").

Supported by the Monetary Authority of Singapore (MAS), the Fidor Student Academy Singapore programme will be incorporated into the curricula of banking or IT-related diploma courses offered by the five polytechnics, starting with Ngee Ann Polytechnic (NP).

At NP, a pilot run of this programme has commenced with 38 final-year students from the Diploma in Financial Informatics.  They are learning to [develop innovative](https://www.financedigest.com/luggage-market-development-innovation-opportunities-and-growth.html "Luggage Market Development, Innovation, Opportunities And Growth") applications for the financial industry using Fidor API (application programming interface). For example, students will acquire the knowledge that may help them develop [digital](https://www.financedigest.com/frothy-stock-market-valuations-a-dash-for-cash-and-digital-money-all-on-bank-of-englands-risk-radar.html "Frothy stock market valuations, a dash for cash and digital money – all on Bank of England’s risk radar") banking services such as banking through messaging apps and e-wallets. With access to the Fidor sandbox, students will also be able to test out their own applications using the state-of-the-art fidorOS digital banking platform.  In its full rollout, the [programme stands to benefit some 500 students across](https://www.financedigest.com/white-bullets-piracy-demonetising-programmes-drastically-reduce-ad-revenues-to-piracy-websites-across-europe-analysis-finds.html "White Bullet’s piracy demonetising programmes drastically reduce ad revenues to piracy websites across Europe, analysis finds") the five polytechnics.

The partnership with Fidor will [boost polytechnic students’ capabilities to enter and contribute to the fast-evolving FinTech](https://www.financedigest.com/winning-fintech-seo-tactics-to-boost-traffic-and-make-more-sales.html "Winning FinTech SEO Tactics to Boost Traffic and Make More Sales") scene. To further supplement the students’ real-life experience, Fidor will also offer selected students the [opportunity to take part in an internship at one of their global](https://www.financedigest.com/sql-server-transformation-market-advanced-research-growth-opportunities-in-global-industry-by-2029fmi.html "SQL Server Transformation Market advanced Research & Growth Opportunities in Global Industry by 2029|FMI") locations, such as Munich.  For example, Fidor is collaborating with Republic Polytechnic to provide internship opportunities to students from its School of Infocomm.

“We are excited about what our students can learn and experience through the inclusion of Fidor’s API banking programme into our curriculum. The Fidor partnership will provide real-life practice for them and hone their skills and knowledge in [digital banking](https://www.financedigest.com/digitisation-of-banking-the-impact-of-digital-money.html "Digitisation of Banking: the impact of digital money") to prepare them for the future marketplace,” said Mr Clarence Ti, Principal, Ngee Ann Polytechnic.

Mr Sopnendu Mohanty, [Chief FinTech Officer](https://www.financedigest.com/the-new-role-of-the-cfo-the-de-facto-chief-growth-officer.html "The New Role of the CFO: The De Facto Chief Growth Officer") of MAS, added: “We are happy to welcome Fidor to Singapore and have their support towards our Smart Financial Centre initiative. FinTech celebrates the spirit of collaboration, and the polytechnics’ partnership with Fidor will no doubt further develop the FinTech ecosystem in Singapore through knowledge sharing. MAS looks forward to a high level of interest for this programme, and the benefits it will provide to the tertiary institutions.”

Mr Matthias Kröner, Founder of Fidor [Bank and CEO](https://www.financedigest.com/hungarys-otp-bank-pressured-by-ukraine-to-sell-russian-unit-ceo-says.html "Hungary’s OTP Bank “pressured” by Ukraine to sell Russian unit, CEO says") of Fidor Group, said: “We share the same vision as the government of Singapore, to bring innovation, create an exceptional customer journey, and collaborate with more FinTech companies, in addition to sharing our knowledge with students that will be the talents of tomorrow’s financial sector. We are excited to be able to take part in Singapore’s Smart Nation initiative through API [technology](https://www.financedigest.com/impact-of-technology-on-education.html "Impact of Technology on Education") education.”

The initial outlay of S$800,000 (€500,000) for the Fidor’s Student Academy Singapore programme shows the commitment of young Fidor to the students and the academy, and essentially covers the on- going design and development of the Amazon Cloud hosted Sandbox, associated training materials and [project controls](https://www.financedigest.com/emission-control-catalyst-market-is-projected-to-rise-at-above-10-cagr-surpassing-the-market-valuation-of-us-20-06-bn-during-the-forecast-period-2021-2031.html "Emission Control Catalyst Market is projected to rise at above 10% CAGR, surpassing the market valuation of US$ 20.06 Bn during the forecast period 2021-2031").

Besides this education initiative, Fidor has also chosen Singapore to be the destination for its new APAC office, with the intent to be closer to its partners and to accelerate its [growth in the region](https://www.financedigest.com/metal-bellows-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region28925.html "Metal Bellows Market Competitive Growth Strategies Based on Type, Applications, End User and Region").   The Fidor partnership will also lend support to Singapore’s Smart Nation initiative by strengthening local [technology skills where education and knowledge sharing are essential in driving and boosting innovation](https://www.financedigest.com/research-and-technological-innovations-to-bolster-developments-in-polycarbonate-resins-market.html "Research and Technological Innovations to Bolster Developments in Polycarbonate Resins Market"), talents and FinTech developments.  Fidor is currently discussing partnerships with universities in other parts of the world to extend its initiative of sharing its digital banking experience and technology.


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---