The world of finance has undergone a number of core changes in recent years, thanks to the rapid development of financial technology, or fintech. Fintech companies have been providing innovative solutions to traditional financial services, enabling new business models, and driving a wave of digital transformation for which we’ve helped supply a number of resources. But we have seen that the impact of fintech is extending far beyond the financial industry, supporting a wide range of organizations across various sectors.
Today, I’d like to discuss how we are seeing the evolution of this sector and where it’s going to support more organizations. I’ll also touch on the increasing opportunities we are seeing this create for IT professionals.
Fintech has become an essential component of the financial industry, providing a range of services such as digital banking, payment processing, and digital insurance. Fintech startups have been disrupting traditional financial services, challenging the status quo with innovative solutions and driving a wave of digital transformation. With the rise of fintech, traditional financial institutions have also been adopting digital technologies, partnering with fintech startups, and investing in their own fintech capabilities.
In recent years, we’ve seen fintech expanding its reach far beyond the financial industry, supporting organizations across various sectors. Some examples we’ve personally helped clients with are:
● Solutions for businesses, including supply chain finance, invoice financing, and lending.
● Support for governments, providing solutions for tax collection, payments, and identity verification.
● Support for social impact initiatives, providing solutions for financial inclusion, sustainable finance, and impact investing.
As a result of all this, the fintech industry is set to grow even further, which inevitably creates more job opportunities for IT professionals with specialized skills, ranging from software developers to cybersecurity experts. However, to support this, a mature recruitment capability with solid strategies will play a crucial part in ensuring the right IT professionals are matched up with the right fintech jobs.
