Why Singapore is Injecting Fintech Expertise into Indonesian Universities

Why Singapore is Injecting Fintech Expertise into Indonesian Universities

by October 11, 2018

Singapore has agreed to work with Indonesia to help create a fintech learning programme for higher education providers in Indonesia, as part of an MoU for information exchange between both nations.

Temasek Foundation International (TF INTL) and Ngee Ann Polytechnic (NP) will partner with Indonesia’s Ministry of Research, Technology and Higher Education (MoRTHE) to deliver a new programme that encourages an exchange of knowledge among academia, industry partners and regulators in the fintech sphere, through Memorandum of Understanding (MoU)

Over the next three years, the three parties will collaborate to implement a fintech learning programme for higher education providers in Indonesia.  Some 180 academic leaders and faculty from Indonesian tertiary institutions will work towards developing fintech curriculums and capabilities.

The programme will include experiential learning through lab crawls, hackathons, seminars, and workshops.  The course participants will also get to visit and network with fintech developers and users to gain fresh insights into the emerging field, as well as take part in challenges that will inspire innovative applications for the financial sector. The programme will span over two runs, ending in 2020.

Higher education institutions confirmed for the first run include: Institute Teknologi Bandung (ITB), Politeknik Negeri Jakarta (PNJ), Universitas Indonesia (UI), Universitas Pendidikan Indonesia (UPI), Universitas Padjadjaran (UNPAD) and Univeristas Airlingga (UNAIR).

ngee ann polytechnic clarence ti

Clarence Ti


“There’s a lot our two countries can learn from each other as fintech starts to impact the way our populations gain access to financial services. This MoU is just a start of a conversation on how we can best support the growth of necessary skills in both our countries.” said Mr Clarence Ti, Principal of Ngee Ann Polytechnic.


paristiyanti nurwardani morthe

Paristiyanti Nurwardani

“We hope to develop lecturers with high performance and good understanding in financial technology, to supply talent who can compete in the industry’s 4.0 era. This MoU will give a lot of benefits to Indonesia’s Higher Education, especially in universities and polytechnics in Indonesia.”


“They will have an opportunity to get knowledge and information about fintech, from the best resources and work together to have many innovations in fintech, as well as inspire over 4,000 Higher Education Institutions in Indonesia”, said Dr. Ir. Paristiyanti Nurwardani, Director of Learning of MoRTHE.

Featured image via Ngee Ann Polytechnic on Carousell