The field of technology has caused many industries to re-imagine their methods and potential. This has resulted in the rise of many new jobs, especially in the realm of financial technology – more commonly known as FinTech.
FinTech offers job seekers the chance to work in a highly collaborative and innovative environment. The FinTech industry offers not only an outlet for those seeking a creative challenge but also provides the opportunity for tremendous career growth and professional progression.
The world of FinTech is a great place to work while also growing your skillsets and building a sustainable career. In this article, we will discuss why job seekers should look for openings in the FinTech industry and how becoming a part of FinTech enables personal and professional growth.
FinTech is a Thriving and Ever-Evolving Industry
It is undeniable that FinTech has taken the financial industry by storm.
A 2021 Statista report found 66.7 percent of banking executives believe that FinTech has the potential to impact wallets and mobile payments on a global level. By the fourth quarter of 2020, FinTech investments reached approximately $50.6 billion in the U.S. alone.
Additionally, FinTech startups have increased at an amazing rate. The Americas currently make up the largest portion of the industry, with over 10,600 FinTech startups as of February 2021.
This tremendous amount of growth has proven FinTech to be a thriving industry with a ton of potential – not to mention the thousands of jobs that have popped up as more and more startups appear.
The Many Opportunities in FinTech
The beauty of working in FinTech is that you have quite a variety of jobs and positions to choose from. Here are just a few of the many examples of careers within the field of FinTech:
Cybersecurity Analysts: Working with technology and virtual systems poses several security risks for financial institutions. As such, the need for cybersecurity analysts has sky-rocketed in recent years.
DevOps Engineers: DevOps engineers help financial institutions to unite their software development and IT operations departments to be a collaborative team working towards the same goal. Working in DevOps involves decreasing development lifecycles and improving an institution’s speed of delivery of software and products.
Software and App Developers: Financial institutions are moving into digital spaces, making it more important than ever to employ software and application developers. If you are a fan of coding and development, this could be your ideal niche in FinTech.
AI and Machine Learning Engineers: FinTech works closely with artificial intelligence (AI) and machine learning. Becoming an AI engineer means you will become part of an evolving field with plenty of opportunities for growth, creativity, and innovation.
Collaboration and Innovation are Fundamental to FinTech
FinTech has proven to be highly transformational for the financial industry. By working within this field, job seekers looking for anything from business analyst jobs to quality assurance jobs have the chance to work with cutting-edge technologies and begin building their professional portfolios from the very start of their careers.
As more and more financial institutions begin to adopt digital transformation and technology-based solutions, having access to this kind of innovation and collaboration is essential.
FinTech often takes a more customer-centric approach to financial services, making the opportunity to connect and network with both peers and customers a major advantage for young professionals.
Growing Your Skillsets with FinTech
Due to there being so many openings and opportunities in FinTech currently, the chance for learning and growth is unparalleled and there are more and more chances to build an international FinTech career. For those seeking jobs within the industry, you can rest assured that your work will not become stagnant or boring.
FinTech embraces the power of collaboration, meaning you won’t end up stuck in a siloed department. Instead, you will work closely with all members and teams within a financial institution. This kind of diversity of expertise allows you to grow your skillsets immensely. FinTech also enables professionals to learn and hone skills they may have otherwise overlooked.
Final Thoughts: Why Work in FinTech?
If collaboration, innovation, and creativity are what you desire from a job, then FinTech is the industry for you. From AI and machine learning to software development and technical analysis, there is truly something for everyone.
FinTech is constantly evolving and expanding. By choosing to work in this field, you will provide yourself with the guarantee of professional progression and career advancement. Working in FinTech means that you will connect with professionals not just in your location, but all over the world.
Banking professionals have recognized the importance and power of FinTech. Choosing this career path will give you access to some of the top leaders in both finance and technology, helping you to learn and grow as you begin your career.