IT consulting and solutions service provider CLPS has entered into a three-year agreement with Singapore’s Ngee Ann Polytechnic (NP) and service provider Infogain Solutions in an effort to cultivate a new generation of IT professionals for the financial sector.
The agreement aims to support NP’s Financial Information Technology Education Program, which is offered by NP's School of InfoComm Technology ("NP-ICT").
"Through this MOU, we will deliver to Ngee Ann Polytechnic School of InfoComm Technology students, staff, alumni, and members of the public our CLPS Financial Information Technology Certification Course," said Raymond Lin, co-founder and CEO of CLPS.
“Upon completion of the course, students will earn a quality certification for training and assessment programs in the financial information technology industry.
"In return, we will be able to provide our clients with fintech consultants who not only hold diplomas from a leading polytechnic institution, but also possess effective job-ready training and skills."
Headquartered in Shanghai, China, CLPS is a global IT consulting and solutions service provider focusing on the banking, insurance and financial sectors.
The business serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centres.
Globally, eleven delivery and/or research and development centres are maintained by the provider, which serve different customers in various geographic locations with Mainland China centres located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen.
The remaining four global centres are located in Hong Kong, Taiwan, Singapore and Australia.
"By aligning with a leading higher learning institution such as NP, we glocalise our successful virtual technology learning platforms and boost our brand," Lin added.
"We also gain access to the PolyFintech100 alliance of top-tier polytechnic schools, which will support our expansion into the broader South East Asia region.”
Throughout the three-year term of the agreement, CLPS and its Singapore subsidiary, ISPL, will provide at least one internship per academic year to NP-ICT students enrolled in the course, including possible internships with CLPS and ISPL vendors and customers.
Furthermore, CLPS and ISPL staff and partners will be guest speakers at NP-ICT and be available as industry mentors.
The three parties will also explore the design and development of post-diploma certificate programs customised for CLPS and ISPL clients.
“At CLPS, we believe that talent is the key to success in our field,” Lin added. “Our work with NP further demonstrates our commitment to developing the best talent in the industry, which ultimately translates into higher revenue and positive value for our shareholders.
“We look forward to the work to be completed under this MOU and are proud to add it to our portfolio of industry-leading talent development programs alongside CLPS Academy, our Talent Creation Program, and our Talent Development Program."
Other educational initiatives locally to boost Singapore's skills capability include IBM's launched of its first P-Tech ASEAN initiative and the launch of the SAP Skills University Singapore, a first-of-its-kind tri-sector education programme for the vendor in an effort to train polytechnic graduates and mid-career professionals with critical skills needed in today’s digital economy.