Considering entering the Fintech industry? Here's everything you need to know.
What’s working in Fintech like?
Working in fintech combines the worlds of technology and finance. It is a fast-paced industry that thrives on innovation and disruption. In fintech, you'll have the opportunity to work with cutting-edge technologies and be part of a dynamic environment that values collaboration and cross-disciplinary teamwork. Fintech companies often have a start-up culture, providing room for creativity and independence. Customer-centricity is a key focus, ensuring that user experiences are exceptional. Navigating the regulatory landscape is essential in fintech, and career growth opportunities are abundant.
Why work in Fintech?
Pioneering Innovation:
Fintech offers an exhilarating opportunity to be at the forefront of innovation, shaping the future of finance. Working in fintech allows you to explore novel ideas, challenge the status quo, and create transformative solutions that disrupt traditional financial systems.
Driving Financial Inclusion:
It has the power to bridge gaps in financial services, providing access to underserved populations. By working in fintech, you can contribute to fostering financial inclusion, empowering individuals, and businesses worldwide.
Dynamic and Fast-Paced Environment:
Fintech thrives in a dynamic and fast-paced environment, where agility, adaptability, and constant learning are paramount. The industry offers a vibrant ecosystem that encourages personal growth, fosters creativity, and provides exciting career opportunities.
How to land a role in the Fintech space with Referment:
Acquire Relevant Skills:
Develop a strong foundation in finance and technology. Enhance your knowledge of financial principles, coding languages, data analysis, cybersecurity, and emerging technologies like blockchain and machine learning.
Continuous Learning:
Stay updated with industry trends, attend fintech conferences, webinars, and workshops. Engage in online courses or pursue certifications that specialise in fintech-related topics to enhance your skill set.
Networking:
Engage with fintech communities, join industry-focused forums, attend events, and build a robust professional network. Networking can provide valuable connections, mentorship opportunities, and insights into the job market.
Showcase Your Value:
Highlight transferable skills such as problem-solving, adaptability, entrepreneurial mindset, and ability to navigate ambiguity. Demonstrate your passion for fintech by engaging in personal projects, participating in hackathons, or contributing to open-source initiatives.
If you think the Financial Tech industry is right for you or know someone who is interested, browse our range of diverse roles, and apply today. Or get in touch for more information by emailing[email protected]. We’ll help you take your next steps to define your career.
FAQs
Your answer can be that Fintech is the industry for those who want to work in a collaborative and innovative environment. It not only gives a challenging environment to work in but also provides immense growth opportunities.
Why should you be interested in fintech? ›
Fintech is one of the best industries where you can hone your latest skills and knowledge while working on the job. Currently, many fintech specialists are well-versed with top programming languages and tools such as Python and CI/CD.
What is the motivation for working in fintech? ›
As you're considering what's next in your academic or professional journey, here are six reasons why you should explore a career in FinTech:
- Combine your love for technology and banking. ...
- Shape a growing industry. ...
- Help companies and consumers. ...
- Work beyond the bank. ...
- Get paid. ...
- Smartphones are the next horizon.
Fintech recruiters focus on sourcing and hiring qualified candidates to fill a variety of roles within the fintech industry: digital banking, artificial intelligence/machine learning, cyber security, crowdfunding, blockchain, and dozens of others.
How do I prepare for a fintech interview? ›
What are the best ways to make a good impression in a Financial Technology job interview?
- Research the company. Be the first to add your personal experience.
- Know your skills. Be the first to add your personal experience.
- Show your passion. ...
- Prepare for scenarios. ...
- Be professional and confident. ...
- Here's what else to consider.
The rapid expansion of fintech is empowering not just those in emerging economies but also in developed countries. By increasing access to financial services, supporting SMEs, and reaching remote communities, fintech is fostering economic development and financial inclusion.
Why do people prefer fintech? ›
Advantages of Fintech:
their bank accounts, make payments, and transfer money from anywhere, at any time. overhead costs. service. their customers' needs and provide them with personalized solutions.
Why does fintech pay so much? ›
The reason for higher fintech salaries is pretty clear: these cutting-edge firms must not only compete for talent with the traditional finance sector, but also deep-pocketed tech giants such as Google and Microsoft that have no compunctions about paying whatever it takes to secure the talent they need.
Why is fintech important in the financial industry? ›
Fintech ensures transparency and compliance
In many instances, fintech plays a crucial role in ensuring that financial institutions comply with regulatory requirements such as KYC (Know Your Customer) norms, and AML (Anti-Money Laundering), among others.
What is the main goal of fintech? ›
Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives.
Recent data indicates that the industry should enjoy a compound annual growth rate (CAGR) of 26.2% between 2022 and 2030, making it perhaps the fastest growing sector within finance. This means that individuals who possess the appropriate skill sets could open themselves up to a wealth of opportunities.
What is the biggest fintech company in the world? ›
Largest Fintech Companies by Market Valuation
| Rankings | Name | Type of company |
|---|
| 1 | Visa | Paytech |
| 2 | Mastercard | Paytech |
| 3 | Intuit | Accounting |
| 4 | Fiserv | Open Banking |
48 more rowsOn the other hand, if employees do not perform or are not up to the mark, HR needs to be equipped in first, assessing these workers' performance, what they can do to resolve their performance issues, and ultimately if still necessary, letting go of these employees in a relatively efficient but also dignified way.
What is the role of a financial recruiter? ›
As a financial recruiter, your main responsibility is to find people seeking work in financial services and skillfully connect them with companies in their respective industry. Other important duties include screening candidates who meet employer needs and keeping up with global business and economic trends.
Why do tech companies use recruiters? ›
Recruiting firms provide a helpful, thorough hiring process, which includes technical, intangible, and cultural vetting, comprehensive background checks, and not to mention, helping clients reduce time-to-fill.
Why would I want to work in the financial industry? ›
I'm drawn to finance because it provides a comprehensive understanding of an organization's financial health, risk management, and investment decisions. By pursuing a career in finance, I can strengthen my ability to analyze financial data, provide strategic insights, and guide organizations towards sustainable growth.
Why do I want to study fintech? ›
Why study a dedicated fintech degree? Fintech is at the forefront of innovation and disruption in the financial sector as traditional financial institutions are adopting new technologies to improve efficiency, enhance customer experiences, and create new financial products and services.
Why are you interested in working in a tech company? ›
A career in the tech industry offers many reasons for jobseekers to apply or consider changing careers, including the opportunity to work on innovative projects, a culture that promotes creativity and learning, and potential for job growth.
