The term “fintech” was created and with it came a plethora of new job opportunities and career titles that you might have not heard of before. The fintech industry is still in the middle of a shift from the traditional financial services to a new era where possibilities are endless through new technologies so it’s likely that even more new job opportunities will be created in the near future.
The term “fintech” was created and with it came a plethora of new job opportunities and career titles that you might have not heard of before.
What is fintech and what are the jobs of the future?
The term “fintech”, short for the words “financial technology”, was created to describe the new technological advancements that are implemented in financial operations in order to automate procedures.
According to Wikipedia, the exact definition describes fintech as “a new financial industry that applies technology to improve financial activities”.
Fintech has many areas of practice which include traditional banking, mobile banking, investing, trading and the use of crypto-currencies. The nascent fintech industry has created a demand for new jobs that will become very popular in the future:
Laws are constantly changing in the financial industry in order to keep up with technology and the regulators are just waiting to issue new fines. There is a high demand for compliance experts that can stay on top of the regulatory framework and implement all necessary measures in order to remain compliant.
The demand for blockchain developers has increased exponentially in the last few years. Anyone with a background in programming can get involved with blockchain development.
Mobile phones are starting to replace our laptops, so the use of mobile banking and mobile applications, in general, has become the new norm. The number of users that depend solely on their phones for everyday tasks through mobile apps is expected to continue to increase and so does the demand for app developers.
As technology advances, so does cyber-crime. Financial services are a prime target for hackers and fintech companies rely on cybersecurity experts in order to protect their customers and their reputation.
Business development managers
Staying on top of the latest technological advancements is demanding but also crucial for a company to be considered among the pioneers of the fintech industry. Business development managers are on the lookout for new opportunities, start-up companies which can grow and bring new income as well as strategic business partnerships to promote fintech services.
Financial analysts have the responsibility to manage budgets whether it’s for a small division of a firm or the entire company. One of their responsibilities is the assembling of financial reports and stay on top of forecasts of incoming revenue, in other situations they run business studies for the company too.
The fintech industry is still in the middle of a shift from the traditional financial services to a new era where possibilities are endless through new technologies so it’s likely that even more new job opportunities will be created in the near future.