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Friday, July 1, 2022

Why Choose a Career in FinTech?

 

FinTech represents one of the most exciting career pathways for those entering the financial services field today. Given the continuous rise of technology in every sphere and it’s ever-increasing importance, we can confidently predict that FinTech will be the driving force behind the careers of the future.

In this article, FinTech specialist Ferhan Patel explains what the fintech industry is, who it affects and why you might consider pursuing a career in this field.

 


FinTech is a Thriving and Ever-Evolving Industry

FinTech is a booming industry that is experiencing significant growth. With the growth of online banking services, the need for secure and convenient financial products and services has grown greatly.

Recognising this need and the need for reliable and convenient financial options, FinTech companies have been developing solutions that meet or exceed applicable regulations. Companies in this industry provide a wide range of financial products and services, including digital wallets, payment gateways, and lending solutions. This industry is experiencing rapid growth and continues to be highly profitable. The FinTech industry has seen tremendous growth over the past five years, with over 50% annual growth during that period. This is largely due to a growing number of financial products and services being offered, as well as the increasing use of digital products, explains Ferhan Patel.

 

Companies are Recognizing the Talent

Many of the top tech companies, including Uber, Microsoft, and Facebook, have significant FinTech interests. This is great for career development and opportunities with large technology companies are limited. It is important to note that there are many exciting opportunities in FinTech that don’t require an acquiring company to make significant investment. There are plenty of great investments to be made without changing an existing business model. Some of the most exciting opportunities in FinTech can be found with smaller companies and startups. Many of the top FinTech job postings are for entry-level roles with little or no IT experience. There are also opportunities for people with a strong background in accounting or finance to advance their career in FinTech.

 

Flexibility to Learn

Flexibility is a major consideration for any career. Having a range of interests and a willingness to try new things are essential. You need to be able to change course if a new interest or skill set becomes important. Flexibility also extends to your work environment. You need to be able to choose hours that work best for your personal life and your career.

Some of the most exciting opportunities in FinTech can be found with startups. You can work with people who are constantly developing new technologies and solving challenging problems. This is particularly true for people who enjoy being involved with programming and digital transformation, adds Payment Specialist Ferhan Patel.

 

The Future of Work is Remote and Virtual

One of the most exciting benefits of working in FinTech is the ability to provide remote work options. With virtual reality, augmented reality, and cloud computing, remote work is becoming more feasible. This allows people to work on projects that are challenging and fun even when they’re thousands of miles away. People who work in FinTech have the ability to provide remote work options. This is especially true for those working with banks, financial service companies, and card associations such as Visa and MasterCard.

 

The Many Opportunities in FinTech

As the Fintech industry grows, more and more companies are registering as payment institutions, resulting in more opportunities for employment. FinTech includes more than just financial and IT positions, as a result, there is greater demand for workers in this field than ever before.

 

Conclusion

As the FinTech industry continues to grow, more and more people are finding opportunities within the industry. With a range of exciting opportunities, you’re likely to find a job in FinTech that you love.

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