In recent years, the FinTech industry has been booming. Emerging financial technologies are reshaping sectors that had previously been mostly stagnant from a tech standpoint. Companies that operate in this space are clamoring for skilled professionals who can help with FinTech implementations and associated operations.
Since the field is in the middle of a growth period, many professionals are interested in transitioning into the industry. Opportunities in FinTech can be incredibly lucrative and engaging, making them attractive options.
To land a job in FinTech, you need to bring the right skills to the table. If you aren’t sure where to begin, here are a few competencies that should be on your radar.
Programming and Coding
When it comes to the FinTech industry, having coding skills is a great way to get your foot in the door. Demand for programmers with a range of skill levels is fairly high. Plus, there are opportunities for website developers, software developers, and app developers, so you can stick within a particular coding niche if you prefer.
AI and Machine Learning
Artificial intelligence (AI) and machine learning skills are also coveted in the FinTech sector. Since the ability to analyze mountains of data and develop actionable insights from the information quickly is incredibly beneficial to the financial industry, skills in those areas can be a great way to launch a career in FinTech.
Similarly, knowledge of AI automation can make it easier to break into the field. The ability to use automation to reduce costs, increase accuracy, and allow employees to focus their attention on tasks that genuinely require a person are all attractive to financial companies. As a result, these capabilities are becoming critical components in FinTech, so being able to make the most of automation can boost your career.
Cybersecurity
While every company is increasingly concerned about cybersecurity, the financial industry is typically one of the biggest targets. As a result, they are willing to invest heavily to keep their systems and data secure, including creating high paying positions for IT professionals with the right skill set.
Security is usually a critical component of any FinTech project. It isn’t an afterthought, but a priority, so those with in-demand cybersecurity skills can make their way into this sector with relative ease.
Blockchain and Distributed Ledgers
Blockchain isn’t just a core part of Bitcoin; it’s a technology that could revolutionize the finance and accounting worlds. The unalterable nature of the records makes blockchain and distributed ledgers enticing to financial professionals. Additionally, technologies like smart contracts and advanced data management make them even more valuable.
Professionals who have blockchain and distributed ledger experience typically won’t have a hard time finding great opportunities in FinTech. As a result, improving your skills in these areas can be a smart move, allowing you to further your career quickly.
If you’d like to learn more about getting a job in FinTech, the team at The Squires Group can help. Contact us to find out more about these exciting opportunities and see how our services can benefit you.
