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Seeking to engage a wide range of businesses in the fintech sector, the Singapore FinTech Association (SFA) and Nexia TS has announced the launch of Nexia InnoLab

The collaboration forms a platform to enable fintech companies to engage with businesses from various sectors on technological solutions.

A Memorandum of Understanding (MOU) was signed in the presence of Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Education, who also officiated the opening of Nexia InnoLab.

Mr Chia Hock Lai, President of SFA commented: “SFA is excited to partner with Nexia TS to provide free business advisory clinic to FinTech firms. In addition, SFA members can look forward to co-creating technological solutions with businesses from various sectors through the Nexia InnoLab collaboration platform. The partnership is timely to strengthen the financial capabilities of our members amidst the challenges posed by the COVID-19 pandemic.”

Under the MOU, SFA members shall have access to business consultancy and advisory services, and accounting and business-related events, all through the Nexia InnoLab collaboration platform. The MOU was drawn up to strengthen fintech company’s financial capabilities in the face of the challenging period amid the pandemic.

Mr. Henry Tan Group CEO and Chief Innovation Officer, Nexia TS added: “As an established international accounting firm with over 27 years of experience, we have come across clients particularly SMEs facing various technological difficulties. As more new-age FinTech players emerge in the post-COVID-19 market, we see an immediate need to connect these stakeholders in a holistic digital ecosystem to deliver high-impact financial solutions to better the city-state’s economy.”

Nexia business clinics for SFA members covers a wide spectrum of key business areas including taxation, valuation, cashflow planning, information memorandum, preparation and exit of the initial public offering. 

Various legal legislations are also covered for SFA members including Singapore Personal Data Protection Act, General Data Protection Regulation, as well as governance and internal controls.

Separately, The Singapore FinTech Association (SFA) announced today the launch of a comprehensive Grants and Jobs Portal during a virtual launch event earlier today, witnessed by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Education.

The portal currently has over 500 job postings and will enable job seekers to access the latest job vacancies, available grants, relevant training opportunities and latest news within the FinTech sector. SFA has also collaborated with organisations, including the Institutes of Higher Learning, to generate content to the portal. In addition, the Grants and Jobs portal will be highlighting various schemes available under the SGUnited Traineeship and Skills programmes.