By 2025, the Indian FinTech market is estimated to grow to INR 6,207 billion. Additionally, worldwide FinTech investments are increasing, with a 40 percent increase in funding for Indian FinTech start-ups.
The expanding FinTech industry has blurred, if not completely obliterated, the lines between technology and finance during the last decade. It has proven to be a game changer not only in India but across the world.
FinTech is growing in popularity year after year and the industry has reshaped the job market by offering a wide range of lucrative career opportunities in a variety of fields for both newcomers and experienced professionals. The sector is also attractive to non-IT and non-finance students because of the variety of job possibilities.
As the demand for FinTech professionals is expected to grow by 42 percent, now would be the greatest moment to start a career in the field. With the rising demand, the need for skill development in FinTech has become the need of the hour!
Before making any decision, however, it is critical that you gain a thorough understanding of the industry, which will support your decision to work in FinTech and will help you gain an understanding of the skills essential to build a successful career in the industry.
FinTech: A powerful blend of finance and technology
FinTech, a blend of “finance” and “technology,” refers to any company that employs technology to improve or automate financial services and operations. It refers to a fast-expanding industry that serves both consumers and corporations in a variety of ways. FinTech has various applications, ranging from mobile banking to insurance to cryptocurrency and investment apps.
A chance to be well versed in the latest tools and programming languages
Today, when technology adoption is continuously rising, being a proactive and self-sufficient learner to upgrade and reskill is essential to staying relevant to the industry. So, if you want to keep up with the latest skills and expertise, then FinTech would be the right industry for you. The industry provides professionals with opportunities to learn popular programming languages and tools such as Python and CI/CD. As a result, working in the industry aids you in your endeavour.
While the industry provides you with a chance to be well versed with many latest tools and programming languages, you need some specific skills to start your FinTech journey.
So, what are the skills required to pursue a career in FinTech?
With growing market demand for skilled FinTech professionals, people with specific FinTech abilities are in high demand. When it comes to tech skill, though, demand outnumbers supply. So, aspirants with below mentioned skills ought to stand out in the crowd.
Now, let’s look at the skills which would help you land your desired job in the industry,
- Blockchain and Distributed Ledger Experts
- Machine Learning, Artificial Intelligence & Deep Learning
- Cybersecurity Expertise
- Emotional intelligence
- Problem solving skills
Exposure to various lucrative career opportunities
Along with providing you with a platform to learn many new tools and programming languages, you will get good exposure to various lucrative career opportunities. In a fast-paced industry like FinTech, new positions are expected to be generated on a regular basis. In contrast to many other industries, you can expect to acquire new skills and experiences that can be used in a variety of fields and locations. If you’re seeking a way to advance your career, this will be a valuable addition to your resume.
Below are a few job roles which are currently in demand,
- Data Scientist
- Cloud Management
- Insurance Management
- Full-stack Developer
- Cyber-security Specialists
- Financial Analysts
- Risk Control Managers
Wish to build a career in FinTech? Here’s how you should go about it
When it comes to starting a career in FinTech, learning the skills and developing appropriate expertise should be the first step.
You can pursue a variety of specialized programs to build the necessary skill set to flourish in the field of Financial Technology. A bachelor’s degree in finance, management, economics, commerce, or engineering, for example, will put you on the road to a career in Fintech. Even creative professional sectors such as Graphic Design have a road leading to a prosperous career in this challenging industry.
Also read: FinTech revolutionizes the new normal in the Banking and Finance industry https://www.nationalskillsnetwork.in/fintech-revolutionizes-the-new-normal-in-the-banking-and-finance-industry/
FinTech combines two of the most powerful job fields: finance and technology. Fintech should be at the top of your list if you’re seeking a challenging and rewarding career path. If you wish to know more about a career in FinTech or if you have any questions regarding this domain, you could write to us at email@example.com or you can visit TalentSprint’s official website.