10 Most Demanded Sectors for a FinTech Developer
With the rapid development of digital era, it’s not a secret that Information Technology (IT) has successfully penetrated into almost each sphere of our lives and majority of industries. Financial sector tends to be quickly shifting to digital space, as Bank Innovation claims, which results in creation of a very important IT sphere like financial technology, also known as fintech. Consequently, the specialization of a fintech developer has become one of the most wanted on the digital market, and according to Efinancial Careers will continue to grow in the future.
Specifics of the Fintech Industry
CNBC writes that the so-called fintech revolution was driven by a few factors like cost reduction of banking services, customer demand for faster and more comfortable services, and improved technologies and innovations. In 2015, fintech hit $19 billion in total, and by mid-August 2016 global fintech funding had already reached $15 billion. Later, by September 2016, there were over 1,000 fintech firms worldwide and their value made $867 billion. PaymentGenes predicts that already by 2019, 5 billion people will be making digital payments. Moreover, 72% of the consumers of the financial services already use digital channels to open checking accounts, so banking technology in this case plays a major role. The article on Business Insider outlines that major fintech startups on modern market appear in such areas as investment and financial management, banking payments, currency and exchange, insurance, financing and lending.
TOP-10 of the Demanded Sectors for a Fintech Web Developer
According to PaymentGenes, at the moment the most popular and in-demand fintech sectors are the following:
- Mobile banking
- Internet banking
- Predictive analytics
- Peer-to-peer landing
- Smart finance management
- Innovative payments
At the same time, Efinancial Careers outlines seven most demanded skills fintech developers should have:
- Machine learning expertise
- Target data analysis
- Domain (industry) expertise
- Business and sales expertise
- Blockchain and distributed ledger expertise
Yet when it comes to the tech talents and hiring an experienced fintech coder, for example, recruiters face a big skills gap, as Silicon Republic writes. Indeed, this gap is expected to reach nearly 1,5 million people by 2020. The industry giants are mostly seeking tech talents with both business and analytical skills. A perfect fintech programmer is an expert who would be able to think outside a typical IT box, as it goes in the article. Furthermore, a fintech specialist is the one experienced in C++, Java, and Python, keeping up with the latest economical and financial news of the world.
Where to Hire Dedicated Developers for Fintech Project
Being the rapidly developing industry, financial technologies sector is of high demand on the market requiring specific skills from programmers and developers. Fintech dedicated developers at Mobilunity are experienced not only in developing traditional projects for finance industry, but also in development of those technologies that are in great demand on the fintech market nowadays. They will work on your project using their analytical talents and knowledge. In case our in-house experts don’t suit you, we can easily find the expert with the required set of skills within the shortest time (2-3 weeks).
CVs of Our Fintech Developers for Hire
VALERII M., FRONT-END DEVELOPER
Front-end developer on outstaffing project for Germany based company that provides eVouchers and eCertificates
- Story reviewing
- Task decomposition
- Feature developing
- Decision making: architecture, functionality, API interfaces
Tools & Technologies:
- Karma, Jasmine
- Angular Universal