The rapid evolution of technology and the new domain of fintech
The world of finance has transformed tremendously in recent years with the rapid evolution of technology and the new domain of fintech—the intersection where financial services and technology converge.
Technologies like peer-to-peer lending, robo-advisors, cryptocurrencies, investment management software, big data and online banking are taking the finance industry by storm.
With the pressure to stay ahead of the competition and continually adapt, there’s a growing demand for talent in fintech and those that have the capabilities to manage disruptive technology. Fintech careers are emerging to help the industry reach new heights and drive organizational change.
What are the top fintech careers?
- Artificial intelligence: Digital transformation is a hot topic in the fintech space, making technology adoption a top priority for organizations today. The financial services industry flourishes on informed decision-making, from extending credit to consumers to evaluating risks. Artificial intelligence (AI) and machine learning (ML) help businesses make fast and critical decisions with data and insight.
- Cybersecurity: Cybercrime is on the rise and not stopping anytime soon. Cybersecurity Ventures estimates that cybercrimes will triple the number of open job positions in the next five years alongside projections that there will be 3.5 million unfilled cybersecurity positions by 2021.
- Risk and compliance: Because of the growing trend of fintech businesses, the risk of regulatory scrutiny and obligations have increased simultaneously, causing the need for compliance experts to rise.
- Quantitative analyst: Also known as “Quants,” are the brains behind complex trading programs. Specialists in this area guide securities firms, investment banks and hedge funds in making informed decisions about markets, pricing and financial risk.
As the finance sector continues to evolve, more specialists are needed to build strategies and interpret big data that help maximize profit and minimize risk. The rise of fintech startups, machine learning, deep learning and AI will only intensify the demand for quantitative analysts. These specialists in math, data science, finance and application development will create the algorithms of the future to help companies reach their financial goals.
How to start my fintech career
The fintech industry is thriving. Innovation continues to transform this field and will do so for the foreseeable future. Job seekers eager to become a part of this growing domain are those who seek to redefine traditional methods with evolving technology. From programming to AI and beyond, a career in fintech has endless opportunities.
If you’re ready to break into the expanding field of fintech, contact Phyton Talent Advisor today. We have partnerships with some of the leading fintech companies and they are looking for talented individuals like you! Contact us at 212-797-1144 today!