A consortium of international Fintech companies together with Fife Council, Fife College and Fintech Scotland have joined forces to launch Scotland’s first ‘Fintech Skills Academy‘.
The aim of the Academy is to provide a steady flow of highly qualified applications for the growing number of specialist roles in Fintech in the region and to avoid a skills gap developing.
The core members of the consortium were joined by students at Fife College and representatives from other local Fintech business.
Speaking at the launch event, Jim Omaney, chief operating officer at Renovite Technologies said:
“As Scotland’s Fintech sector grows, so does the demand for people with the right skills. To avoid the emergence of a skills gap, as we’ve seem happen in several other STEM industries, we’ve developed an innovative plan to pre-emptively plug it.
“The Fintech Skills Academy programme will help candidates successfully prepare for new roles while at the same time, help employers by improving candidate’s understanding of the standards Fintech employers want. It’s a win-win scenario that we hope will be replicated nationwide.”
Matthew Jones, solution architect for Ingenico Group, added:
“The Ingenico Group is a strong investor in the training and development of its teams, but for start-ups and smaller businesses, allocating resources to bridge the gap between what students learn in the classroom and what they need to know at work is something rarely affordable. Our aim is to help provide that extra bit of experience and training through the Fintech Skills Academy, so that when this generation of workers retire, the next generation will be ready.”
Courses, which will be piloted in January 2019, will be based on practical industry experience but taught in a structured learning framework, having been designed by Fife College in collaboration with Fintech businesses.
The syllabus is aimed both at young people about to enter work and adults with a background in IT wishing to upskill or retrain specifically for employment in financial technology environments. Subject areas will range from specialisms such as payment processing to systems testing, device certification and business domain knowledge. The courses will be funded by participating businesses, with the potential for further support where applicable.
Krystyna Marett, Fife College, who is developing the course curricula said:
“We are launching the Fintech Academy in January 2019 with a Retail Card Business Course for IT professionals already working in the payments industry. We are excited to be working with Fife Fintech employers to develop training for their sector.”
Cllr Altany Craik, Chair of Fife Council’s Economy, Tourism, Strategic Planning and Transportation Committee said,:
“This Fintech Skills Academy will provide an opportunity for Fife residents to access skills and jobs in a dynamic and growing sector within our economy. Building on the success of the Skills Academy model in other key STEM industries, it will help to expand the Fintech Payments skills pool.”
The Fintech Skills Academy launch was the first event in Fintech Scotland’s Fintech Fortnight which runs from 13-27 September.