Top 7 Careers In FinTech

There are a lot of career opportunities springing up within FinTech. So if you’d like to work at the intersection of finance and digital technology, you have plenty of options to choose from. This article explores some of those options by taking you through the top seven careers in FinTech.

Most FinTechs offer their products through mobile applications. As such, they’re constantly in need of developers who can build, maintain, update, and revamp these apps. If you have a great command of the tools requires to fashion applications (and you’ve taken on a few projects along this line), you could be the ideal candidate for filling app developer vacancies at a FinTech company.

Product Management

A FinTech product manager takes charge of product planning and marketing and manages the product throughout its lifecycle. They research, decipher, and take cognizance of customers’ needs in the process of planning a product, work with its developers throughout the development phase, and design and execute marketing initiatives to get the product in front of potential users.

A product manager needs to understand the market for their FinTech product, and the technicalities involved in building the product. There’s a growing interest in this career path, because it’s situated right within tech but doesn’t necessarily require skills in advanced software development.

Data Science

Banks and FinTechs generate huge amounts of customer data. If properly processed and analyzed, these data could yield information that enables FinTechs to build even better products for their customers.

Data scientists are tasked with the job of making sense of the tranches of customer and transaction data pumped out by FinTechs– accounts, purchases, payments, trades, etc. –and deriving insights from them that can inform the business decisions of those FinTechs.

There’s been a lot of excitement about the possibilities that cryptocurrencies afford. But there’s, even more, to expect of the technology that undergirds them: blockchain. It could revolutionize a wide range of industries, ranging from finance to logistics.

Blockchain developers are the skilled people who build this technology. Demand for them is growing rapidly. They’ll remain relevant for as long as there’s a viable future for blockchain in finance and other areas in which it can be applied.

Cybersecurity

It’s not hard to understand why businesses dread cyberattacks. Data leaks, ransomware lockouts, and phishing attacks could cost them millions of naira (or more) in financial losses. An even bigger consequence is the dent in their reputation and customer trust that results when news of such attacks becomes public.

FinTechs aren’t immune to these threats. So they hire cyber-security experts who can design and implement proactive and reactive strategies against security breaches. Individuals who possess this skill are in high demand and will continue to be sought after for as long as security risks exist.

The typical FinTech company is always looking to achieve optimal results given the resources at its disposal, so the skills of a business analyst come in handy for them. The need to constantly fine-tune systems and operations in FinTech makes them particularly valued.

Compliance

Compliance officers ensure that the organization they work with exists and operates in line with the law. In recent times, the enforcement of new and existing legal requirements has disrupted the activities of businesses in the FinTech space. These events have underlined the need for compliance experts, who can help companies to keep their operations legal.

Compliance officers also create internal policies for the companies they work with and monitor adherence to them.

Final Words

There’s probably no better time to get involved in FinTech than now. Opportunities for starting a decent career continue to open up, and the accompanying incentives are often quite attractive. You may choose to follow any of the paths we’ve talked about here, and build a career that you can be proud of.