Are you good at managing your finances and also passionate about technology? Why not merge these two together and pursue a career in Fintech? This word, which didn't exist till five years ago, is now pioneering the trend and has merged two of the most important professional domains: finance, and technology.
Since technology has advanced so quickly in the 21st century—and particularly in the last 10 years—the tech sector has been able to reach many different sectors of society and establish itself as a dominant industry on a worldwide scale. It is essential to know what Fintech is because it has fundamentally changed how we view the world of finance in the modern era.
Fintech is a combination of the terms "finance" and "technology". It signifies the application of technology by a business to improve its financial services or to optimise financial activities. The term has a wide range of applications and is versatile and dynamic.
An aspirant in the Fintech industry has a variety of options for pursuing a career in this fascinating and exciting field. Starting your preparation at the undergraduate level is essential if you want to pursue a career in fintech. Although there aren't many universities that offer undergraduate degrees in fintech, one may choose to pursue related programmes such as Finance, Economics, Commerce, Management, or Engineering that can help one develop the skills necessary to succeed in the field.
A significant source of learning for the fintech industry has been online courses and MOOCs. Students can now learn what the field of financial technology is all about through online and distance learning courses.
As the world continues to change faster than ever, economies and industries are exchanging and interacting on a huge scale, and convenience and efficiency are crucial. For many of the challenges that arise out of such a transition, fintech is the solution. A wide range of financial activities is now covered by fintech, starting from money transfers, credit applications, and business funding, all the way to smartphone check deposits and investment management. As a result, there are now many more career choices available.
Fintech ought to be at the top of your list if you're seeking an in-demand and rewarding job. Here’s taking a look at a list of careers you can pursue in the fintech industry:
1. Product Manager
Initiating strategic partnerships with financial institutions and merchant banks is the goal of a product manager. These collaborations are typically strategic and exist to plan solutions that are practical in the fintech industry with reference to the utilization of various services.
2. Data Scientist
For the most part, unstructured data is what fintech companies have to work with in order to find the gaps and serve the unmet needs. A data scientist works to reveal the value of data obtained from multiple sources, in order to personalise the products being offered.
3. Cloud Management
There is a rising need for storage management due to the massive amounts of data being produced. A strong team is required to manage any operational hiccups caused by the fact that more and more people are carrying out transactions online, leading to a very real risk being posed to their private data and credentials which are stored on the cloud. Maintaining cyber security as well as managing the scores of data produced every second is another area where experts are constantly needed.
4. Full-Stack Developer
They are computer programmers who are responsible for the development of websites and applications. Full-stack developers have a flare for coding and are in charge of creating user interactions across numerous platforms. These engineers create models for various products and take care of the tech aspects of fintech.
5. UI/UX Designer
To improve the client experience, these creative specialists create effective workflows, primarily for mobile-only solutions. They are employed to make sure that users use applications for longer periods of time and have the best experience in real time.
The mainstream banking and financial industry has unquestionably been influenced by one of the most prominent digital revolutions seen in history: Fintech. Tech-savvy engineers and people with a flair for finance who can come up with innovative ways to supply financial products and services can consider this career path. From a professional standpoint, Fintech is viewed as a huge opportunity, and those with the appropriate experience would be highly sought after by banks, IT businesses, and new start-ups equally. Depending on your interests and skills, the time is now - as there has never been a better time to build a career in fintech.
