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Nikkei Markets

Singapore fintechs plan hiring spree even as economy slows

Wealth management and digital skills in demand within financial sector

SINGAPORE (Nikkei Markets) -- Singapore's financial technology firms are looking to hire more people even as the broader banking and insurance industry turns increasingly cautious due to a slowdown in regional economies.

A report by the Singapore FinTech Association and consultancy PwC earlier this week showed 94% of fintech companies are planning to expand their workforce over the next 12 months, with 28% expecting to double headcount in three years.

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