How to recruit for the fintech sector

FinTech, short for financial technology, implies the marriage of finance and technology with the intention of providing innovative solutions to both businesses and clients/consumers/users. These days FinTech is supported by various technologies, including and not limited to eCommerce, biometrics,  artificial intelligence and blockchain.  FinTech cannot be defined as a singular financial solution or software. Instead, FinTech serves as an umbrella term for the collective aforementioned technological trends.  FinTech has made banking faster and more efficient while helping customers to easier interact with suppliers. In essence, FinTech’s entrenchment in business is simply all-encompassing.  If you’re running your own business, a growing start-up or a small enterprise, then FinTech will need to figure into your game plan. You’ll want the best possible talents by your side to make they are aiding your business to the best of its ability. With this in mind, you’ll need to recruit the right people, but where to start looking?

Software Engineering 

Software engineers are of immense importance when it comes to building and/or maintaining online platforms and services.  However, like the term ‘FinTech’, ‘software engineer’ is also an umbrella terms for a slew of programming skills and coding languages. According to a report conducted by Builtin.com,  the most in-demand programming languages are as follows: Javascript (37.27%), Python (29.02%), Java (28.86%), Ruby (19.61%)  and Linux (18.63%).  Python and Java are particularly involved in trading software, provided through online brokers. These big players in the FinTech scene offer clients guides on investing in tech stocks, automation software for better trades, and a slew of markets to look into.

Operations

 Another vital vocation in the FinTech sector would be operations, accounting for roughly for 13% of the market. Operations and software engineers work in conjunction to make sure that clients/customers/users are happy.  The three main vocations and/or categories comprising operations are customer success, information technology and customer support.

Data and analytics

These days big data figures into almost everything we do online.  Almost every site has a cookie policy agreement that should you decline it, you’ll have no access to the information.  Big data isn’t just necessary in today’s’ world of FinTech, it’s imperative. However, in order for all that information to compartmentalised, organised and translated into valuable input capable of being used for marketing or to ascertain credit scoring, Data and Analytics experts are required. Data analysts make for about 11% of all FinTech positions.

Marketing

While only making up for about 7% of FinTech roles, marketing is a vital clog in the FinTech machine, allowing for the right information to reach the right target audience. The marketing team often also works with the information that gets disseminated by the data and analytic experts in order to better steer their marketing campaigns.

In conclusion 

The extent of upward acceleration within the financial services industry is nothing to be scoffed at. Even before the global situation of 2020, the speed of the various branches of FinTech were  already meeting expectations. However, such expectations are in direct correlation with customer demands.  By way of the advancements of FinTech, customers/clients/users are privy to more financial information, faster transaction processing, better identity authentication, improved transparency and better customer support. The ability to develop better FinTech solutions is based on the needs of the client and an ever evolving market. Thus, in order to remain on point, whether you’re a small business owner or you have a small agency, it’s of the utmost importance that you listen to your customers.