SINGAPORE, Nov. 8, 2024 /PRNewswire/ -- NTUC LearningHub (NTUC LHUB), Singapore's leading Continuing Education and Training provider, has clinched a spot on Training Industry's 2024 Top 20 IT & Technical Training Companies list. This recognition follows NTUC LHUB's significant strides in advancing tech skills training in Singapore, notably through the launch of the NTUC LHUB Tech Talent Academy in January to attract and nurture tech talent in Singapore. The academy serves as a platform to bridge the gap between the demand for tech talent and skills aggregation, through sourcing, training, and placement of workers in an integrated ecosystem which comprises training, placement, and funding partners, as well as employers. NTUC LHUB's achievements in tech training have also placed it on Training Industry's IT & Technical Training Watchlist in 2022 and 2023.
The 2024 Top 20 IT & Technical Training Companies list recognises training providers based on the following criteria: 1) breadth, quality and advancement of features, capabilities and analytics, 2) industry visibility, innovation and impact in the learning technologies training market, 3) client and user representation, and 4) business performance and growth.
NTUC LHUB's inclusion in this prestigious list reflects its industry visibility, innovation, and impact within the industry, as well as its commitment to equipping individuals and organisations with essential tech skills. By collaborating with best-in-class content partners, NTUC LHUB delivers high-quality training curriculum and helps trainees acquire industry-recognised credentials in areas such as cybersecurity, data analytics, and artificial intelligence, ensuring they are well-prepared to meet the evolving demands of the tech landscape.
AWS, a strategic content partner, commended NTUC LearningHub's commitment to advancing tech skills. Elsie Tan, Country Manager, Worldwide Public Sector, Singapore, AWS, said, "This achievement underscores NTUC LearningHub's dedication to advancing tech skills and cultivating a future-ready workforce. Our partnership empowers Singapore's professionals with crucial skills in cloud computing and generative AI, enabling them to thrive in a rapidly evolving technology and business landscape. Together, we're building a resilient, competitive digital economy and community, equipping learners to create a thriving digital future."
Reflecting on NTUC LHUB's immersive training approach, Chew Li Lian, Head of Workforce Development, Group Channels and Digitalisation, UOB, said, "NTUC LearningHub's immersive training approach has been pivotal in empowering our teams with practical, job-ready skills. Their hands-on learning environment, coupled with structured training and effective tracking mechanisms, ensures that learners are able to validate their newly-learnt skills through real-world application. This comprehensive approach, which includes measurable assessments and feedback, has been invaluable in developing and nurturing tech talent at UOB. It not only supports individual growth, but also strengthens our overall capability as we navigate the evolving and competitive tech landscape."
Jeremy Ong, Chief Executive Officer of NTUC LearningHub, said, "NTUC LearningHub is honoured to be recognised alongside global companies, as one of the leading tech training providers. It is a testament to our commitment in championing in-demand and emerging skills training in the tech sector, and facilitating placement of job-ready workers into redesigned or emerging job roles. NTUC LearningHub will continue to foster strategic partnerships with key stakeholders, including best-in-class industry leaders to offer high quality, relevant, and affordable skills training. Ultimately, our goal is to support workforce development and organisational growth for the future workplace."
About NTUC LearningHub
NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Infocomm Technology, Generative AI & Cloud, Healthcare, Retail & Food Services, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources & Coaching and Foreign Workers Training.
To date, NTUC LearningHub has helped over 29,000 organisations and achieved more than 2.6 million training places across more than 2,900 courses with a pool of about 900 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships to offer a wide range of relevant end-to-end training. Besides in-person training, we also offer instructor-led virtual live classes (VLCs) and asynchronous online learning. The NTUC LearningHub Learning eXperience Platform (LXP) — a one-stop online learning mobile application — offers timely, bite-sized and quality content for learners to upskill anytime and anywhere. Beyond learning, LXP also serves as a platform for jobs and skills development for both workers and companies.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
NTUC LearningHub named as one of the Top 20 IT & Technical Training Companies
Tencent wins at the SFF FinTech Excellence Awards 2024, announces key partnerships with industry leaders, and unveils new fintech solutions.
SINGAPORE, Nov. 8, 2024 /PRNewswire/ -- At the Singapore FinTech Festival (SFF) 2024, global Internet and technology giant, Tencent, pushed the boundaries of innovation in fintech and digital transformation with a host of engagements, partnership milestones, and the unveiling of future-ready solutions.
Joining thousands of attendees at the annual event, Tencent showcased how it is leveraging decades of consumer and enterprise technology expertise to collaborate with industry players, tapping into opportunities in the financial industry, and delivering innovative business solutions that foster sustainable growth for financial institutions and ecosystem partners in the region.
"Building a resilient and agile infrastructure is essential for financial institutions seeking to thrive in the digital era," said Dowson Tong, Senior Executive Vice President & Chief Executive Officer, Cloud and Smart Industries Group, Tencent, during the event's "AI and Cloud: Powering the Economies of Tomorrow" keynote fireside chat. "AI-powered tools like advanced authentication and fraud detection require a foundation of reliable infrastructure to operate effectively, and foster a more secure automated financial environment. In addition, by leveraging trends like video, content, super app and AI, atop a robust Cloud stack, we can drive meaningful innovation and unlock transformative opportunities across industries, with a growing financial services ecosystem."
The global AI in fintech market is expected to expand from USD 13,515.7 million in 2024 to USD 58,701.4 million by 2034, reflecting a robust CAGR of 15.9%. The keynote fireside, which opened the three-day event reflects this growing demand from consumers and enterprises alike in the applications and potential of cloud and AI solutions in the field of fintech. By leveraging AI-driven tools like Digital Humans, Super-App-as-a-Service, ultra-high accuracy eKYC, high performance distributed database TDSQL, and Risk Control Engine, Tencent financial cloud technologies have successfully enabled over 10,000 enterprises across 20 countries across the globe.
Tencent also clinched the Thematic – AI, Quantum Champion Award under the SFF FinTech Excellence Awards 2024, which spotlights groundbreaking initiatives that harness new technologies to revolutionise industry practices and enhance financial services delivery.
"This accolade underscores Tencent's commitment to advancing secure, user-friendly innovations in digital payments. Our latest innovations reflects our dedication to enhancing everyday convenience through seamless and reliable solutions, while maintaining the highest standards of privacy and data security. This is a testament to our ongoing efforts to bring transformative technology to consumers and businesses alike," said Xia Kai, Head of Tencent Palm Product Innovation.
The showcase at SFF marks Tencent's debut of its advanced palm recognition technology, Tencent Palm, in Singapore. This was unveiled through Tencent and Visa's partnership to introduce the palm recognition technology for digital payments. The service will be rolled out by Visa, with cardholders from participating banks in Singapore, including DBS, OCBC and UOB, being a part of this pilot programme.
This partnership was one of many insightful engagements with industry leaders and ecosystem partners that took place at the festival, which included exclusive Tencent-led workshops at the Elevandi Insights Forum, and various panel sessions represented across Tencent's businesses such as Tencent Cloud, Tenpay Global, and Weixin Pay.
Daniel Hong, Vice President of Tencent Financial Technology, highlighted Weixin Pay's innovations in enhancing payment accessibility, particularly by reducing costs for small and micro merchants while advancing cross-border payment interconnectivity.
Wenhui Yang, General Manager at Tencent Financial Technology Asia Pacific and CEO of Tenpay Global (Singapore), also discussed the role of AI-powered risk control strategies in protecting users from fraud risks and spotlighted the importance of technology in ensuring secure payment systems.
Innovative technologies like Tencent Palm, Tencent Cloud AI Digital Human, and Tenpay Global Remittance were on display at the Tencent booth's interactive areas, which welcomed key representatives from the Monetary Authority of Singapore (MAS), Bank of Thailand (BoT), and more.
"Consumer behavior and expectations have vastly changed due to the ubiquity of mobile phones and other accessible technologies. Financial institutions must now expand their online services and re-architect their business systems, to meet the needs for services anytime anywhere, and the ever-increasing volume of online transactions. As we advance toward a future of accessible and inclusive financial services, we are hopeful that our collective efforts will help shape a secure and innovative digital ecosystem for the industry," concluded Tong.
About Tencent
Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world.
Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained. Our financial technology business covers payment, credit, wealth management and insurance sectors, as we support our partners' business growth and assist their digital upgrade through FinTech and other enterprise services. We also publish some of the world's most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe.
Tencent was founded in Shenzhen, China, in 1998, and has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation
Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation
Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation
Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation
