Brunei apprentices selected for Deloitte placements in Southeast Asia

11 May 2018 Consultancy.asia

Brunei’s i-Ready employment-development initiative is bearing fruit with seven apprentice graduates selected for international placements with Deloitte in Southeast Asia.

A joint initiative developed by the government of Brunei’s Manpower Policy and Planning Unit (MPPU) and Energy and Industry Department (EID), the i-Ready Apprenticeship programme aims to increase the employability of unemployed local graduates with exposure to various industries through a three-year coaching placement with participating host organisations.

The measure was initiated by the MPPU and EID in response to a review of local employment vacancies which revealed that at least 50 percent required a minimum of three years working experience – and, with, as of last year, nearly 2,500 of the roughly 13,000 registered job-seekers holding a degree or above, seeks to address the high surplus of graduates against industry needs.

Head of the MPPU, Hjh Zainab Omar said, “What is key is that the graduates experience a real, authentic working environment where they can grow and contribute. This will improve their marketability and employability so that during or after the programme they will find suitable employment. And for the hosts, it is an opportunity to contribute to reducing unemployment in Brunei and also part of their corporate social responsibility in manpower capability development.”

Brunei apprentices selected for Deloitte placements in Southeast Asia

With a programme target of 1,562 graduate placements, and a monthly stipend of BND800 for selected participants during the three-year period, the initiative has already proven popular – attracting nearly 600 applicants for the positions with prestigious Big Four firm Deloitte. And after a rigorous selection process, including pre-screening and a panel interview with members of Deloitte and the MPPU, seven aspiring young Brunei graduates have now been chosen to begin their career with the firm in Southeast Asia.

“We support the Brunei Government’s initiatives to enhance the employability of new Brunei graduates and help them be future-ready by strengthening their knowledge in the areas of consulting,” Deloitte's Consulting Leader for Brunei, Lee Chew Chiat, said. “Hiring Bruneian graduates will help groom the next generation of talent to bring Brunei forward into the future… and we look forward to continue our support that will include holding more recruitment drives, and work closely with the MPPU to identify opportunities for more Bruneians to be part of our Deloitte Southeast Asia consulting team.”

With twenty-five office locations across operations in Singapore, Malaysia, Vietnam, Thailand, the Philippines, Indonesia, Cambodia, Myanmar, and Laos, the new Deloitte Southeast Asia apprentices will have the opportunity to gain experience in a variety of business landscapes, while receiving coaching and mentorship from the firm’s some 8,000 professionals in the region. As part of the programme, Deloitte will hold the right to offer the apprentices full-time employment at any stage of the programme.

Accenture Fintech Innovation Lab applications open for Asia Pacific

08 April 2019 Consultancy.asia

With over half a billion dollars raised by its alumni to date, Accenture’s FinTech Innovation Lab is back for another round in the Asia-Pacific.

Applications have now opened for the Asia Pacific edition of Accenture’s FinTech Innovation Lab, a 12-week accelerator programme for promising fintech start-ups which has seen over $1.5 billion raised in venture financing globally for its graduating alumni to date – a third of that for just 41 participating companies in the Asia Pacific. Both early and growth-stage fintechs are eligible to apply, with submission closing in May.

Launched in New York in 2010 before spreading to London and Hong Kong, the FinTech Innovation Lab is described as a collaborative, non-sales environment which brings execs from leading financial institutions together with aspiring fintech start-ups for mentorship, guidance and advice – augmented by a series of workshops and panel discussions covering areas such as procurement, technology architecture, and industry trends.

This year’s principal participating financial institutions include BlackRock, Morgan Stanley, Standard Chartered, Goldman Sachs, J.P. Morgan and Credit Suisse among many more leading names from the banking and investment realm, while Elzio Barreto, Accenture’s Financial Services Media & Analyst Relations Lead for APAC will serve as a mentor alongside experts from Deutsch Bank, Stott Advisory and CBA International among others.Accenture Fintech Innovation Lab applications open for Asia Pacific

“There’s now widespread acceptance that the best way forward for banks and fintech startups is to collaborate where possible, creating big ecosystems that will help unlock huge value for all stakeholders, particularly consumers,” said Piyush Singh, Accenture Managing Director for Financial Services in the Asia Pacific and MENAT, with the firm noting a shift in focus between fintechs and traditional firms over the past 18 months, “from competition to collaboration.”

“We’ve already seen banks, insurers and wealth managers partner with fintechs here in Asia, but the outlook for further collaboration and the resulting value creation is what’s making investors more comfortable to spread their bets more widely,” Singh continues. “That’s a big focus for the Innovation Lab, instigating this sense of partnership between well-established financial firms looking for the next breakthrough technology and nimble startups eager to test their solutions and push them to market.”

With the APAC Innovation Lab now entering its sixth cycle, Accenture also notes the recent global surge in fintech investments, which doubled in 2018 to over $55 billion, led by a wave of funding to mainland China. “The Lab’s geographical proximity to the mainland makes it particularly suitable for Chinese start-ups, especially for those like ours looking to expand abroad,” said Li Hao, co-founder of Chinese unicorn Wecash – which was among the Lab’s first intake in 2014.

For the 2019 edition, senior business and operations executives from the Lab’s participating financial partners will select up to ten applicants to take part in the programme, with fintech entrepreneurs developing cutting-edge products, services and technologies invited to apply. Kicking off in August, the 12-week programme will culminate in an Investor Day where particpants can showcase their technology to finance executives, investors and the media.