Financial Technology (FinTech) is currently one of the fastest-growing industries. If you’re interested in pursuing a career in this industry, then the first question is where to begin.
Let’s delve deeper into what FinTech is and how to begin your career here.
What is FinTech?
FinTech businesses are focused on using technology innovatively to automate and improve the delivery of financial services. Moreover, it will help make processes for business owners, companies, and consumers easier and less of a hassle.
FinTech examples include the likes of payment technologies PayPal, mobile banking apps, and more. However, FinTech goes beyond such obvious brands and technologies. Other FinTech payment technology examples include:
- Digital banks
- Contactless payment systems
- Cryptocurrency
- Robo advice
- Insurance services
- Accounting software
- Share trading systems
- Investment fund management
- Unsecured small business finance companies
Pursuing a career in FinTech will require strong technical knowledge, which is where applying for a fintech online program will help. But besides that, you will also need critical skills, such as:
- Creativity
- Adaptability
- Problem-solving
- Leadership
This career path offers various opportunities and is a rewarding option if you are passionate about finance and technology. But how can you get into it?
How to Begin Your FinTech Career
A degree isn’t absolutely necessary to have a successful career in FinTech, though it is a great starting point to develop the skills required for the job. Postgraduate qualifications are also a huge advantage.
Once you’re done studying the basics and building a solid foundation in FinTech, the next step is getting a job in the industry. Here are excellent tips you can follow:
- Start with what you know – FinTech is a broad term encompassing numerous verticals, so it’s best to analyze technologies disrupting your area.
- Create a list – List down the companies you’re interested in working for, starting with high-growth startups within your vertical. Consider researching banks that are pursuing a FinTech strategy.
- Network with others in the industry – It’s important to network with people in the industry, and understand more about what it takes to succeed in this career path. You may join events, networking apps, and more!
- Continue building your FinTech knowledge – A crucial understanding of FinTech is crucial to help you upskill, and become an attractive candidate for many companies. As you continue your job search, keep learning and staying updated with the trends.
You must also consider the job roles you’re interested in pursuing in FinTech, which are:
- Entrepreneur – Create your own start-up, which is great for those with a clear vision and entrepreneurial ambition.
- Product Manager – This is a crucial job where one ensures that a product is on track in its development roadmap.
- Innovation Roles – Areas of banking would have their own application of FinTech. Depending on the area, there are likely opportunities to lead in new projects integrating technology to streamline processes.
- Data Specialists – They would analyze and manage datasets.
Wrapping It Up
Remember all this information as you take the steps on joining the FinTech industry.
