Source: PWC

Key findings of the Singapore Talent Survey 2020:

1. The majority of FinTechs in Singapore are exceedingly optimistic about teir growth prospects over the next three to five years, as they see new opportunities emerging in the post pandemic world.
2. The majority of FinTech firms are planning to hire more people in the coming months to support their expansion plans.
3. When hiring talent, FinTech firms are likely to draw on their own personal networks and connections, in addition to job portals.
4. FinTech firms are gradually shifting towards hiring local talent.
5. Fintechs believe that easing foreign workers’ permit requirements and managing salary expectations are the most effective solutions in minimising the talent gap in Singapore’s FinTech industry.
6. FinTech firms see digital banks as key to boosting local talent.