A fintech company is one that uses technology to streamline financial transactions. Fintech is also known as financial technology. A fintech company is usually a start-up that disrupts existing financial systems or corporations through reduced software-based operations.
When it comes to recruiting, the Fintech industry faces many challenges. They lack both experienced and future talent. As traditional financial institutions enter the Fintech industry, recruitment will be challenging for some time.
A fintech product’s success is completely dependent on the people who develop it in this fast-paced, innovative industry. To meet your company’s needs, you should partner with a Fintech recruiting firm that is agile and creative.
The fintech labour market is very competitive, making finding talent very difficult. So how do they actually recruit people? Understanding which Fintech recruiting solutions are most in-demand is crucial when developing your recruiting strategy. Software engineering jobs account for the majority of positions available in the sector, followed by operations jobs.
Jobs in Fintech
This sector offers a variety of exciting careers:
- Compliance expert
- Quantitative analyst
- Blockchain developer
- Cybersecurity analyst
- Data scientist
- App developers
- Financial or business analysts
- Product manager
Fintech Firms Struggle to Hire Top Talent for Several Reasons
- There is a lack of gender diversity. There is a huge gender gap in the financial sector. Too few women are hired by fintech companies despite their desire to work there.
- Recruiting from a shrinking pool of tech talent. New hires in the fintech industry are taking advantage of this method. By using computer algorithms, the most suitable candidates for the job can be sifted through candidates’ profiles and tested for their skills.
Working with Fintech Recruiting Firms will benefit your business immensely. Keeping a talent database of past and present candidates allows them to know who is available, who may consider moving, and what would be required to entice them.
For more information about our recruitment services, feel free to get in touch with Black Pen Recruitment today.