South Africa

UP to develop skillset of students in fintech sector

A recent partnership between the University of Pretoria (UP) and Direct Transact will ensure more opportunities for students in the fintech sector.

UP’s Department of Informatics in the Faculty of Engineering, Built Environment, and Information Technology (EBIT) signed a memorandum of agreement with the banking and payments enabler Direct Transact.

By this collaboration agreement, some undergraduate students will be guaranteed tuition assistance for their BCom Informatics and Bachelor of Information Science (IT) degrees, as well as hands-on training and mentorship.

Additionally, the relationship lays the groundwork for future research and specialised fieldwork collaboration.

The project leader, head of the university’s informatics department Prof Hanlie Smuts, said, “industry and academic collaboration is a key enabler for ensuring that our department produces industry-ready and industry-relevant graduates”.

“We are honoured to collaborate with Direct Transact, a company that shares its platform, ecosystems, and deep domain knowledge to create more opportunities in the fintech ecosystem.”

Apart from supporting students financially, Direct Transact will also support students to showcase their projects at the annual final-year Capstone Project Day.

“The heartbeat of the faculty of EBIT is innovation. Technology provides for a digital transformation process that extends beyond tools and processes. It impacts individuals and organisations, resulting in the improved and sustainable well-being of both people and the planet,” said Prof Wynand JvdM Steyn, dean of EBIT.

“We are fortunate and grateful for the collaboration between EBIT and Direct Transact. We look forward to innovating our tomorrow together,” he concluded.

Elmar Grobbelaar, executive head of finance, risk and compliance at Direct Transact, remarked that this partnership will see local talent make meaningful contributions to South Africa’s financial grid.

“Our company plays a critical role in the functioning of the financial ecosystem in South Africa, and bringing a local talent pipeline into this ecosystem to drive fresh thinking and innovation is tremendously exciting,” he commended.

“This partnership will ensure that many talented young people get the opportunity to make a contribution to the quality and stability of South Africa’s financial network.”

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