Wondering how to break into a career in FinTech? This blog post is for you! Below, we’ll be sharing some insights on the fintech industry, how to break into it, and what career options exist.
Ready? Here we go!
What does a fintech professional do?
What differentiates a fintech professional from others is that they’re constantly looking for synergies between traditional and digital solutions. The term “omnichannel” is often used in the industry, which speaks directly to the need of creating a financial environment in which the customer can pick and choose between in-person and digital solutions as they see fit.
How to start a career in fintech
Fintech is a good industry regardless of whether your background is financial or technological. There’s room to grow in either direction, and the combination of both makes for a truly dynamic and innovative work environment.
There are different types of fintech careers and jobs to choose from, which we’ll list below for you. As you read through it, you’ll notice that there is room for all types of professionals within the fintech industry. Perhaps you’re only a short course or training away from making the leap!
Jobs in fintech
Product management. As it stands, most FinTech environments, be them startups or behemoths, depend on product managers. These individuals are at the helm of both innovation and results. Before, products were created once and sold to the public. Today, digital products come with iterations, meaning any product you release, such as an app, will need to be in constant work. Product managers ensure that a product is not only completed but that each iteration is delivered on time.
Product development. For a product manager to be able to do their job, there needs to be an arsenal of product developers behind the scenes making it all happen. These professionals are now within their own branch of computer science, fully dedicated to bringing products, especially apps, to life. Measuring their workdays in sprints and beta tests, these tech wizards are to thank for all the apps we’ve grown to rely on and love.
Content writing. While the need for writers has always existed in all types of companies, their role and skillset has changed in response to technology. Content writers are well-versed in SEO, readability, and the art of juggling between lengthy, research-based think pieces and succinct, easy-to-understand digital content. The latter can be used anywhere from social media to the content of an app.
Social media marketing. Along the same lines as with content, digital products and solutions call for a different type of marketing. Most of the time, social media is the only space were FinTechs can advertise and connect with their customer base. Even for companies with many physical locations, social media is a great place to bridge the gap between traditional and digital product offerings. Social media marketers today have an eye for trends and customer sentiment.
UI/UX design. While logos, posters, flyers, and merch design have been around for ages, technology has opened up a completely new visual realm. Nowadays, design is alive in the form of apps and websites. In order to make purchases or use a service, customers navigate through your digital touchpoints, creating the need for professionals that can pinpoint exactly what works and what doesn’t for these customers. UI and UX designers work with usability in mind, ensuring that every piece of the puzzle is as efficient and as attractive as it can be.
Data science. If there’s one thing were technology reigns supreme is in data collection. Because there is so much to available data to process, analyze, and understand, FinTech companies are always in need of professionals that know exactly how to turn quantity into quality.
Compliance. Although we’ve talked a lot about the tech side of fintech, it’s time to take a step back and look at the finance side of things. When we talk about money, identification and regulation isare imperative. To ensure everyone’s money and personal information is safe, financial institutions must follow several steps, and digital finance is no different. In the fintech world, compliance professionals must be well versed in both traditional regulation and its electronic counterpart, commonly known as eKYC.
Cloud management. Without getting too lost in specifics, the need for cloud management stems from the incredible amount of data most fintech companies need to process as well as the systems and programs that must be run for a product or service to even exist. The sheer volume of it all requires professionals to ensure both the safety and the efficiency of a company’s digital ecosystem.
Business. Whether services and products are digital or traditional, they still need to be sold. For this reason, business and sales professionals remain in high demand. Of course, the skillset for FinTech business development professionals will be slightly different as knowledge of different technologies is essential.
And there you have it! At Ria, we’re always looking for new talent. Check out our job portal to see which fintech positions are currently open.