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Byte Academy Opens First International Fintech School in Singapore; Offers Guaranteed Job Placements with Tuition Refund

Xignite

Byte AcademySingapore, 10 November 2016 – Byte Academy announces the launch of its first international campus outside of New York City with programmes in FinTech, Data Science and Python Full-Stack Development. Byte Academy in Singapore opens its doors on 10 November 2016, to support Singapore’s Smart Nation initiative and help grow the local talent pool of industry-ready engineers and developers, alongside its strategic charter partners.

In Singapore, industry frontrunners from financial services, financial technology (“FinTech”), and start-up sectors are showcasing their support for industry-specific partnerships and education programmes such as that provided by Byte Academy. In spirit of this collaborative support framework, Standard Chartered Bank, IBM, INSEAD, Thomson Reuters and Microsoft have come together with Byte Academy to form the FinTech Skills Charter. This pro-bono advisory committee will help steer and set best-in-class standards for FinTech development in Singapore through active engagement with Byte Academy to configure all the policies and procedures for the benefit of the larger FinTech community in Singapore.

Byte Academy founder, Rak Chugh, believes that constant feedback and input by the industry leaders in respective verticals, can steer and better prepare candidates for tech jobs in industries such as finance and data science: “Technology is rapidly growing with new innovative solutions being created every day. This means that jobs and its relevant skill sets are evolving at a faster pace than ever. With the help from industry partners to constantly review and refine the curriculum, this will help ensure Singaporeans are better-equipped, better matched with the current industry demands with the applicable technical knowledge and skills.”

Nobuhiro Ito, Director, Developer Experience & Evangelism, Microsoft Singapore, adds: “Byte Academy’s presence here in Singapore will help accelerate skills development that will help contribute to a more vibrant FinTech ecosystem and build a stronger Singapore core. This initiative by Byte Academy is very much in line with Microsoft’s mission of empowering every individual and organisation on the planet to achieve more. We look forward to working closely with the Fintech Skills Charter Members to enhance the Fintech development, innovation and explore possible cross-border collaboration activities within the Fintech industry.”

On partnering with Byte Academy in Asia, Mr Shameek Kundu, Global Head of Data, Architecture and Innovation, Standard Chartered Bank, said: “Standard Chartered Bank is pleased to become a founding charter member of the inaugural FinTech Skills Charter. This signals our ongoing commitment to developing the talent pool which will support the growth of a vibrant FinTech sector. The establishment of Byte Academy is another progressive initiative which will help to fuel Singapore’s Smart Nation ambitions by adding to the country’s great ecosystem of financial institutions, technology companies, universities and research organisations.”

Annie Choy, Managing Director, IBM Singapore adds: “With a strong focus on innovation and the right technology in place, Singapore is well-positioned to become one of the world’s top FinTech hubs. At IBM, we are working extensively with government, industries and academia to co-develop solutions based on enterprise blockchain, cyber-security, and cognitive computing technologies to help serve the FinTech sector and further develop Singapore as a Smart Financial Centre.”

To bridge this engineering talent crunch in Singapore, Byte Academy has collaborated with the Infocomm Media Development Authority (“IMDA”) to provide individuals with a passion in technology, finance, and data science, a fast track to opportunities within the FinTech and Data Science domain through IMDA’s Tech Immersion and Placement Programme (“TIPP”).

“The growing trend of digitalisation and emerging financial technologies (FinTech) are reshaping the financial and insurance sectors. As a financial hub, Singapore is well placed for the development of innovative financial technologies. We are happy to have Byte Academy come on board IMDA’s Tech Immersion and Placement Programme, an initiative under the TechSkills Accelerator. With more programmes offered, particularly in Fintech and Data Science, Singapore’s manpower can enrich themselves with a strong variety of market relevant courses, enabling us to be in a better position to seize opportunities in these growing sectors.” Said Gabriel Lim, Chief Executive, Infocomm Media Development Authority.

As part of this collaboration with IMDA, Byte Academy Singapore will offer its 12- week full-time courses and individual 8-week short courses focussing in FinTech and Software Development. Its 12-week full-time courses will provide the fundamentals for students to work on real, industry-specific problems and allow for interaction with industry partners to prepare individuals for direct placement and job matching upon graduation. Byte Academy Singapore is also replicating its New York placement and guarantee programme, offering guaranteed job placements to its full-time course graduates through key partners in major tech and banking companies. It stands by this guarantee, committing to refund the full course fee, should they fail to place its graduates in a role within 6 months of course completion.

Further, Byte Academy’s programme also enables the bridging of FinTech communities in New York, California’s Silicon Valley and Singapore together, allowing for long term strategic growth and knowledge sharing of some of the world’s top FinTech companies into Asia.

“We applaud Byte Academy’s efforts to educate the next generation of FinTech innovators,” said Stephane Dubois, Xignite CEO and Founder. “We are seeing accelerated growth of financial technology innovation in the Asian market and elsewhere around the world, so the Singapore initiative is well timed.”

Byte Academy Singapore programmes welcomes individuals from communities such as:

  1. Career switchers without programming background and interested in a career in tech
  2. Current IT and banking professionals interested in up-skilling for new tech positions, or exploring entering the Finance, FinTech and Data Science industries
  3. Newly-minted fresh graduates from Science, Technology, Engineering and Mathematics (“STEM”) and other disciplines, with no prior programming knowledge, and with a passion in FinTech or Data Science
  4. Start-up founders and early employees who are under-equipped to design, programme, and ship their own products.

To further the development of local tech talent and meet the demand for IT and FinTech / Data Science professionals, IMDA and Byte Academy supports this programme by providing subsidized rates for Singaporean citizens. Singaporeans keen in a career in tech or upskilling their craft in software development enjoy subsidies of up to 70% off the listed rate.*

* Applicable for full-time courses under Tech Immersion and Placement Programme (TIPP), other terms and conditions apply.

 

About Byte Academy

Byte Academy is a leader in industry-oriented technology education with courses in Python software development, FinTech (“Financial Technology”), Data Science, Blockchain and MedTech (“Medical Technology”). Byte Academy established the first short-format FinTech programme and the first Python full-stack software development bootcamp in New York City, where it is headquartered. It has raised S$3m in series A funding for its first international campus and ASEAN headquarters in Singapore, and opens in India at the end of 2016.

Byte Academy is recognized for its small classes, career services and sense of community. Students hail from all over the world including countries such as Australia, Chile, Finland, Siberia, and Tunisia. Byte has brought thousands together from diverse backgrounds around the globe via its hackathons, conferences, founders’ talks, meetups and other events.

Byte Academy is proud to be the Education Partner for Singapore's inaugural FinTech Festival and will be holding "Byte Learning" workshops during the FinTech Conference (16 - 17 November at Singapore Expo).

Check out www.byteacademy.co to learn more.

About the founder

Rak Chugh, has worked in the financial industry for 25+ years. He founded Byte Consulting in 2000 and ran a publicly listed real estate company in London. Mr. Chugh founded Byte Academy when he realized the need to bridge the gap between finance and technology and create a new class of financial technology experts. He came to this realization after financial clients of the consulting firm he founded, Byte Consulting, could not find qualified programmers in New York City. Initial curriculum emphasized the Python coding language due to its high analytical capability and usage in the finance industry. Byte was the first educational institution in New York City to have a full-stack Python programme and the first with a short-format FinTech programme.

For media queries, please contact:

Christopher Quek
Managing Partner
Tri5 Ventures
PH: (+65) 9682 2727
christopher@tri5.asia

Ko Tze-Shen
Business Development Director
Byte Academy Singapore
PH: (+65) 9106 5111
TzeShen.Ko@byteacademy.co

 

Source: Byte Academy

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Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world's most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and problematic LIBOR. In the U.S market the new benchmark is Secured Overnight Funding Rate (SOFR), which is based on transactions in the U.S. Treasury repurchase, or repo, market, where banks and investors borrow or lend Treasuries overnight. Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Xignite banking, and Fintech customers that build apps for capital markets, investment management, financing, and foreign currency exchange purposes, require interbank and interest rates data to manage exchange and interest rate risk. Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets. The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR). These additional rates are available now at no additional cost to customers.

“Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries. They uniquely aggregate rates that are used by dozens of firms globally in critical business processes,” said Vijay Choudhary, Vice President of Product Management for Xignite “Given the major shift the industry is experiencing regarding reference rates, it was critical for us to support those new rates to give our clients the data they need to run their businesses,” added Choudhary.

Xignite’s Interbanks API offers real-time and historical interbank and deposit rates for currencies in 40 countries. Xignite’s Interest Rates API provides interest rate data for over 600 global treasury, money market and private capital market instruments and benchmarks. The new alternative T+1 (24hr+ delayed) rates include:

  •         Europe: Euro Short-Term Rate (ESTR) is an interest rate benchmark that reflects the overnight borrowing costs of banks within the eurozone. The rate is calculated and published by the European Central Bank.
  •         Switzerland: Swiss Reference Rates (SARON) represents the overnight interest rate of the secured money market for Swiss francs (CHF). The rate is calculated and published by SIX.
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  •         Japan: Tokyo Overnight Average Rate (TONAR) is an unsecured interbank overnight interest rate and reference rate for the Japanese yen. The rate is calculated and published by the Bank of Japan.

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Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006, when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite.

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GetDistributions - Returns cash and stock dividends as declared by the company for a requested security and date range.

GetDistributionsByExchange - Returns cash and stock dividends as declared by the company for a requested exchange and date.

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GetTakeovers - Returns takeover events for a given identifier and date range.

Xignite

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In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Barchart is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives so many great alternatives:

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Read the article Top 3 Alternatives for Barchart Precious Metals Rates

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