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Partnership for the Future of FinTech

APU is the first university in Malaysia to work with FAOM in addressing Malaysia’s FinTech talent gap. From left: Head of APU School of Accounting & Finance, Prof. Dr. Nafis Alam; APU’s Deputy Vice-Chancellor (DVC) and Chief Innovation Officer, Prof.Ir Ts Dr Vinesh Thiruchelvam; : President of FAOM, Mohammad Ridzuan Abdul Aziz; Vice President of FAOM, Karen Puah; Acting Vice Chancellor and Senior Director of Organisational Development of APU, Dr. Hari Narayanan P. Ondiveeran)

Asia Pacific University (APU) is Malaysia’s 1st University to Sign Pact with FinTech Association of Malaysia (FAOM)

Kuala Lumpur, 2 March 2020: Asia Pacific University of Technology & Innovation (APU) is the first university in Malaysia to collaborate with the FinTech Association of Malaysia (FAOM).

Established in 2017, FAOM is the key enabler and a national platform to facilitate Malaysia to be the leading hub for Financial Technology (FinTech) innovation and investment in the region. FAOM has more than 100 member institutions to date which includes leading Banks, Financial Institutions & FinTech Platforms.

A Memorandum of Agreement (MOA) was signed between APU, represented by its Deputy Vice-Chancellor (DVC) and Chief Innovation Officer, Prof.Ir Ts Dr Vinesh Thiruchelvam and FAOM, represented by its President, Mohammad Ridzuan Abdul Aziz.

Under the MOA, APU students who are undergoing the FinTech related programmes namely the Bachelor of Banking & Finance (Hons) with a specialism in FinTech and the Master of Finance (FinTech) will gain exposure to internship & career opportunities with FAOM’s member organisations.

Both APU & FAOM aim to nurture these graduates with industry-relevant skills and shape them into competent FinTech talents who will contribute to Malaysia’s FinTech eco-system.

Recruitment agency, Randstad’s 2020 Outlook and Salary Snapshot indicated a shortage of skilled talents within the FinTech and BankTech scene.

In addition to the potential internship & job opportunities for its students, APU will jointly develop professional courses, training and industry-focused FinTech conferences with FAOM that are specifically designed for working professionals. It is also anticipated that the university will invite industry experts from FAOM’s member organizations to deliver guest lectures and industry talks to its FinTech students.

“As APU strives to bridge industry and academia, the collaboration with FAOM strengthens the industry presence on campus in particular to the Fintech development within APU and increase graduate attributes towards technologies serving the financial industry,” said Prof. Ir Ts Dr Vinesh Thiruchelvam, Deputy Vice Chancellor of APU.

“APU is committed to producing industry-ready graduates and partnership with FAOM is another testimonial to it. Financial services jobs are getting transformed and graduates need to have appropriate skills in line with Industry requirement, having FAOM as our industry partner will help the school to have focused & right curriculum as well as necessary industry exposure for the learners,” said Prof. Dr Nafis Alam, Head of School of Accounting & Finance, APU. Prof. Dr Nafis is also amongst Refinitiv’s Top 100 global social media influencers in FinTech.

Mohammad Ridzuan Abdul Aziz, President of FAOM, welcomed the partnership with APU. “FAOM is focused on 5-key elements, where we focus on capacity building, funding strategy, narrative curation, technology verification and trust-building – focusing on governance, risks management and compliance. We hope this partnership will prepare students with comprehensive capabilities that would facilitate their immersion with various stakeholders of Malaysia digital economy eco-system,” said Mohammad Ridzuan.

APU, represented by Deputy Vice-Chancellor (DVC) and Chief Innovation Officer, Prof.Ir Ts Dr Vinesh Thiruchelvam (sitting, left) enters a new partnership with FAOM through a MOA Signing Ceremony today. (Sitting, right: President of FAOM,Mohammad Ridzuan Abdul Aziz; Standing, left: Head of APU School of Accounting & Finance, Prof. Dr. Nafis Alam, right: Vice President of FAOM, Karen Puah).

Online Education Fair 线上教育展
Asia Pacific University of Technology & Innovation (APU) 亚太科技大学
https://edufair.fsi.com.my/apu

About Asia Pacific University of Technology & Innovation (APU)

The Asia Pacific University of Technology & Innovation (APU) is amongst Malaysia’s Premier Private Universities. APU offers a wide range of degree programmes in Technology that aim to nurture students into professionals and prepare them for challenging careers and roles in business and society globally. The multi-cultural student community comprises 12,000 students from over 130 countries.  APU has earned an enviable reputation as an award-winning University through its achievements in winning a host of prestigious awards at national and international levels. It was announced as among the Highest Rated Universities in Malaysia, being rated at TIER 5 (EXCELLENT) under the SETARA 2011, 2013 and 2017 Ratings by the Ministry of Higher Education (MOHE) and Malaysian Qualifications Agency (MQA). Internationally, APU also achieved 5-Stars Ratings at the Quacquarelli Symonds (QS) in four categories – Teaching, Employability, Facilities, and Inclusiveness. For more information, visit www.apu.edu.my.

About FinTech Association of Malaysia (FAOM)
The FinTech Association of Malaysia engages with multiple stakeholders, ranging from fintech companies to financial regulators and government agencies, in order to take the FinTech industry in Malaysia to the next level.

FAOM is focusing on initiatives that are material, via collaborative mindset and with the viable outcome – with goals of creating values for the fintech industry in Malaysia and facilitate various efforts toward making Malaysia a high-income nation. What we meant by the material is for us to focus on efforts that bring values to most stakeholders, fast to implement and in-line with the 5-key elements strategy.

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