FinTech is a blended term that refers to technological advancement that helps streamline traditional finance processes with more agile digital processes. As you may have noticed, traditional finance has stalled, but the new FinTech boom is now taking root. This rapid expansion of the FinTech sector is made possible by the young founders with a more liberal mindset than their traditional counterparts. To effectively compete with FinTech startups, traditional firms must change their thinking and structure their institutions to encourage innovation.
You’ve probably encountered FinTech services as a bank customer or some mobile banking platform. These companies range from banks to insurance companies that recognize technology as more than a mere support infrastructure. To remain competitive and at the bleeding edge of change, financial organizations are spending more than ever before to attract technologically savvy graduates who have an interest in finance.
Enrolling in the right financial technology program can equip you with greater understanding and advanced knowledge of the FinTech Ecosystem and Industry Insights, helping you break into the FinTech industry. Below are some remote entry-level jobs that can help you bootstrap your career in the FinTech industry:
1. Blockchain Developer
Blockchain technology is taking center stage as financial technology firms continue to look for ways to remain competitive by reducing digital transaction fees. Blockchain and smart contract technologies have the potential to significantly increase user privacy while reducing the relevant enforcement costs. Financial institutions are looking to replace their existing financial market infrastructures with blockchain to improve settlement, clearing, and transaction management efficiency.
You’ll need strong hands-on tech skills to get a role in blockchain and smart contracts engineering. For instance, you’d be responsible for developing, deploying, and managing new EVM blockchains. You may also be responsible for developing and deploying smart contract solutions on already existing blockchain infrastructures such as Ethereum and Polkadot.
2. Artificial Intelligence Expert
Artificial intelligence plays a critical role in helping FinTech firms automate routine procedures and significantly improve outcomes that would be impossible for human intelligence. This ultimately leads to increased efficiency and thus higher profits. As an artificial intelligence expert, you will help FinTech companies automate day-to-day tasks, prevent fraud, identify threats and enhance the overall quality of service.
3. Data Scientist
As a data scientist at a FinTech firm, you should expect to utilize machine learning, statistical models, and visualization techniques to help model complex analytical challenges and discover insights towards identifying new opportunities. You’ll work closely with financial analysts, data engineers, and machine learning experts to build base data models and research new algorithms that help improve financial forecasting. Not only will you work with business leaders to fix business challenges using a scientific approach, but you will also work with software engineers to put the new algorithms and data models to the test.
Endnote
While some employers may demand that you have a technology-related degree to qualify you for a FinTech role, this is not always the case. For instance, if you learned some programming languages and can easily prove your competence, you are good to go. Even if you have little knowledge of finance, your ability to keep learning and add new skills to your resume will be important, as most FinTech companies will give you additional training once you land the job.
