The 5 Most In Demand Skills in the FinTech Industry
The FinTech industry is a combination of Finance and Technology that competes with traditional financial methods that are used in the financial industry. Fintech is a developing industry as banking and financial services use it to improve their product offering and customer service. This industry requires a candidate who has an understanding of both, finance as well as technology. Below are some of the skills that are in demand in the Fintech industry.
Programming skills — The fintech industry is demanding professionals who can develop mobile applications, user-responsive websites, and full-stack platforms. Java, Python, and SQL were some of the traditional programming skills in demand in 2020.
Blockchain Technology — Blockchain is the underlying technology that helps manage bitcoin transactions. As there is an explosion of demand due to cryptocurrency, fintech companies are looking for candidates who are well-versed with Blockchain technology.
Cybersecurity — Fintech forms deal with a large amount of data that is confidential and sensitive at times and hence, cybersecurity professionals are one of the priorities for the fintech industry. Cybersecurity professionals are important as the security breaches have the capacity to spoil the company reputation. So, cybersecurity expert understands the architecture, administration, and operations to keep the cybercrime at bay for their businesses.
Knowledge of Artificial Intelligence and Machine Learning — AI and ML helps the Fintech firms in the optimization and analysis of business solutions. Using ML in Fintech helps companies in fraud detection, execute intelligent responses and market predictions. Artificial Intelligence helps companies in a significant manner and helps you find what is right for your customers. So, AI and Machine learning is the most-sought profession in the financial institutions.
Financial Knowledge — Basic financial literacy is an add-on advantage for understanding the financial resources and concepts. This will help in grasping the nature and data associated with the industry in addition to providing greater awareness. They need to have soft-skills such as problem-solving, communication, and analytical skills.
