New Stem education program to prepare young women for careers in fintech

SINGAPORE – An educational program aimed at equipping young women with the foundational skills and confidence needed to enter the fintech industry was launched on Friday, April 22.

The program, Stem First, will provide female students aged 16 to 24 with support such as science, technology, engineering and math (Stem) training as well as mentorship.

This is a joint effort of Citi and United Women Singapore (UWS).

It will begin with a research study and program development, as well as a six-month experiential learning pilot program for 40 participants.

The Citi Foundation provided a grant of US$200,000 (S$273,000) for the first year of this program.

The program will include modules such as artificial intelligence, machine learning, blockchain, cloud and cybersecurity and data analytics.

Participants will also receive exclusive access to mentorship circles, job shadowing opportunities, and on-the-job visits to Stem employers to gain a first-hand understanding of jobs in the field. Mentors and workshop leaders will include Citi volunteers.

The basic program will benefit up to 100 young women in its second year.

The funding is part of the Citi Foundation’s broader global Pathways to Progress initiative, designed to equip young people in underserved communities with the skills and confidence to advance their employability and career opportunities in a rapidly changing economy. .

Speaking at the launch event at 80RR Fintech Hub SG in Robinson Road, UWS Board Member Harmin Kaur said UWS research has shown that when is about pursuing a career in Stem, the girls lack confidence rather than skill.

Encouraging girls to develop an interest in technology from an early age will be an important step in bringing more women into the field as it will instill more confidence in them, said Prime Minister’s Office Minister Indranee Rajah, who was the guest of honor at the launch event and spoke with UWS President Georgette Tan during a fireside chat.

“Trust is only built when you try something and succeed. Once you achieve that very first success, it becomes a foundation you can build on,” said Ms Indranee, who is also the second finance minister. and National Development.

Mr. Amol Gupte, Citi Head of Asean and Citi Country Head of Singapore, said, “We are excited to continue our efforts to advance women by equipping them with the skills and mindset to succeed in stem-related careers.”

The number of tech professionals in Singapore has grown to more than 200,000 today, with the number of tech jobs growing by around 10,000 a year over the past three years, according to statistics from Infocomm Media. Development Authority (IMDA) published in 2021.

Women make up 41% of the tech workforce in Singapore, surpassing the global average of 28%, IMDA said.