Global Fintech Institute (GFI) Launches Chartered Fintech Associate (CFtA) Certification and Forms Strategic Partnerships to Support Skills Upgrading and Career Progression

SINGAPORE, Nov. 7, 2024 /PRNewswire/ -- At GFI's Networking and Partners Appreciation Night, the Global Fintech Institute (GFI) launched the Chartered Fintech Associate (CFtA) certification and signed a Memorandum of Understanding with the Banking and Financial Services Union (BFSU), an affiliated union of the National Trades Union Congress (NTUC) and NTUC's Employment and Employability Institute (e2i). The launch of the certification aims to meet the increasing demand for foundational fintech learning and support professionals in enhancing their skills and advancing their careers in the finance and fintech sectors.

Supported by over 100 industry and academic partners, the CFtA certification delivers market-relevant skills that align with the evolving needs of financial services. With over 500 training places for tertiary students and professionals in the pipeline to receive CFtA scholarships, it underscores the certification's value and the increasing demand for fintech talent to bolster Singapore's financial sector. The partnership with NTUC will also support the development of a robust support system for PMEs in the evolving fintech landscape, encouraging more PMEs to join BFSU.

"Equipping talent with foundational fintech knowledge is vital to sustaining innovation in Singapore's dynamic financial landscape. Certifications like the Chartered Fintech Associate (CFtA) from the Global Fintech Institute ensure a steady pipeline of fintech-savvy professionals who can navigate evolving industry standards with integrity, strengthening Singapore's position as a global fintech leader," said Mr. Sopnendu Mohanty, Group CEO Designate of Global Finance and Technology Network (GFTN).

"Fintech is rapidly evolving, driven by groundbreaking advancements in technology that require a fresh, agile approach. The Chartered Fintech Associate (CFtA) certification equips professionals to navigate this new era of financial innovation, combining essential skills with forward-looking insights. CFtA empowers a global talent pool to lead and adapt as fintech transforms, ensuring that today's professionals are prepared for the dynamic challenges of tomorrow," said Professor David Lee, Founding Chairman, Global Fintech Institute.

Addressing Industry Needs with Market-Relevant Skills

The CFtA is an entry-level certification that builds foundational fintech expertise and serves as a pathway to the advanced Chartered Fintech Professional (CFtP) certification. Developed with inputs from over 100 industry and academic partners, it meets the demand for skilled talent in navigating regulatory and technological challenges. Open globally to candidates with a GCE A-levels certificate, polytechnic diploma, or associate degree, the CFtA curriculum covers essential fintech topics, including Digital Payments, Web3, AI, Sustainable Finance, and Regulatory Compliance.

Key Features of the CFtA Certification Program

Who Should Enroll in the CFtA Certification Program?

The launch of the CFtA program and new partnerships reflect GFI's commitment to advancing fintech education and fostering inclusive learning opportunities. The program aims to develop future-ready talent, equipping professionals with the knowledge and skills needed to thrive in the evolving financial technology landscape.

About Global Fintech Institute

Global Fintech Institute (GFI) is a not-for-profit think tank and certification body dedicated to advancing fintech education, fostering meaningful collaboration, and promoting professional excellence across regulatory bodies, corporations, and academic institutions. Headquartered in Singapore, GFI addresses key challenges in the fintech landscape through rigorous research, whitepapers, and thought leadership that influence policy and set industry standards.

Our Key Thrusts:

LEARN: A Flexible Platform for Exam Preparation

Participants preparing for the CFtA exam will have access to interactive resources through LEARN, GFI's new online learning management system. The platform offers on-demand courses, study materials, and progress-tracking tools, allowing candidates to prepare for the exams at their own pace. LEARN is designed to accommodate both working professionals and those new to the fintech sector, ensuring flexibility and accessibility for all participants worldwide.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Global Fintech Institute (GFI) Launches Chartered Fintech Associate (CFtA) Certification and Forms Strategic Partnerships to Support Skills Upgrading and Career Progression

The Pulse of Hong Kong's Markets for Over Half a Century

HONG KONG, Nov. 7, 2024 /PRNewswire/ -- Hang Seng Indexes Company Limited ('HSIL'), a wholly- owned subsidiary of Hang Seng Bank, today celebrated the 55th anniversary of its flagship Hang Seng Index (HSI) with a cocktail reception. The event was officiated by the Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region; Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank and Anita Mo, Director and Chief Executive Officer of Hang Seng Indexes Company. Together, they marked this milestone and the Hang Seng Index's enduring significance to Hong Kong's stock market.

First launched on 24 November 1969, the Hang Seng Index has evolved into the most widely quoted indicator of Hong Kong's equity market. As of end of October 2024, assets under management (AUM) in products passively tracking the Hang Seng Family of Indexes have reached a total of USD78.5 billion, with HSI alone accounting for approximately USD25 billion of this total. There are 15 Exchange Traded Products (ETPs) globally were linked to the Hang Seng Index to date.

Addressing attendees at the event, Diana Cesar said: "For 55 Years, the Hang Seng Index has mirrored the heartbeat of Hong Kong's market, reflecting its dynamism and resilience. What began as an internal reference has transformed into a global legacy, thanks to the visionary leadership of our late Chairman, Dr. Lee Quo-Wei, who spearheaded its creation. Today, we are proud to see our presence across 36 markets including a recent collaboration with The Saudi Exchange, further supporting Hong Kong's role as a super connector between mainland China and the rest of the world."

Anita Mo said, "The Hang Seng Index is a cornerstone of Hong Kong's financial market and is closely intertwined with the lives of Hong Kong people. We will remain innovative and forward-looking as we continue to enhance and aim to further elevate this reputable brand, making it shine and even brighter internationally. We will strive HSI to be top of mind for investors seeking exposure to Hong Kong and mainland China."

A highlight of the event was the presentation of the prestigious "55 Years in Hang Seng Index Award" by the Financial Secretary to four companies that have been constituents of the Hang  Seng Index since its inception. The recipients of this honour were CLP Holdings Limited, The Hong Kong and China Gas Company Limited, HSBC Holdings plc, and Power Assets Holdings.

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About Hang Seng Indexes Company Limited

Hang Seng Indexes Company Limited ('Hang Seng Indexes Company') manages and compiles the Hang Seng Family of Indexes, which cover stocks listed in Hong Kong and Mainland China. Our index series includes the Hang Seng Index, the Hang Seng China Enterprises Index and the Hang Seng TECH Index, as well as Stock Connect, Greater Bay Area, Sustainability and sector-related indexes. As at the end of October 2024, assets under management in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD78.5 billion. Hang Seng Indexes Company is a wholly owned subsidiary of Hang Seng Bank. For further information on the Hang Seng Family of Indexes, please visit www.hsi.com.hk.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hang Seng Index Celebrates 55 Years of Market Leadership

Hang Seng Index Celebrates 55 Years of Market Leadership

Hang Seng Index Celebrates 55 Years of Market Leadership

Hang Seng Index Celebrates 55 Years of Market Leadership