How to Close a Complex Vacancy: .NET Core, ASP, Microsoft Azure for Banking and Finance
The number of fintech companies worldwide grew by 2.5 times and reached 30,000 during 2018-2023. If you also consider releasing an app for banking and finance, you’ll need to find ASP, .NET Core, and MS Azure engineers. Explore the relevant case study from Mobilunity — an outsourcing and outstaffing provider of IT experts with 10+ years of experience, and get a few tips from our recruiters.
A Few Words about FinTech Apps
Fintech apps perform a variety of tasks related to finances. However, not all solutions work equally fast, have an intuitive design, and ensure a secure connection. These characteristics will depend on the professionalism of your developers and the tech stack.
As for technologies, many companies and startups prefer NET Core, ASP, and Microsoft Azure in banking and financial services. That’s because the functionality of the .NET frameworks and Azure Cloud services is broad. With these technologies, businesses offer diverse services and deliver innovative fintech products.
Some Stats about FinTech Applications
Businesses and individuals strive to digitize their financial operations. As a result, the number of global fintech users is projected to exceed 3.5 billion by the end of 2024. The market volume of digital banks alone is expected to reach $3.20 trillion by 2028, with an annual growth rate of 9.95%.
The top three largest fintechs are Visa, Mastercard, and Intuit, based in the USA. However, two Chinese (Tencent and Ant Financial), one Irish (Stripe), and one Brazilian (Nubank) are among the top 10 fintech unicorns worldwide.
Benefits of .NET and Microsoft Azure for Your Financial
Do you want to build a new fintech solution or modernize a legacy application? Let’s explore the advantages of .NET and Azure technologies.
Pros of Using .NET for FinTech Apps
- Getting Real-time Notifications. When it comes about fintech products, ensuring fast and accurate transactions isn’t enough. With ASP finance apps, you get instant push notifications and stay updated about your financial assets.
- Ensuring Improved Security. .NET ensures a secure environment with encryption, patches, and role-based authentication. This protects your software from SQL injections and XSS (cross-site scripting) attacks. With .NET’s cryptography model, you can protect codes from changing and viewing.
- Following Industry Regulations. No financial app can work without fintech compliance. So, .NET functionality allows developers to follow applicable rules and laws in banking and finance. These include secure data use and storage, KYC (Know Your Customer), and AML (Anti-Money Laundering).
- Minimizing Risks for Cyber Attacks. ASP.NET Core framework enables cross-platform development. So, you’ll have the same code for desktop, web, mobile, and enterprise applications and, thus, minimize the lines of code to protect. That’s why companies often use ASP in banking.
- Finding Programmers is Relatively Easy. LinkedIn shows around 2,260,000 .NET coders worldwide. So, you might quickly hire .NET Core developers locally or remotely. However, tech recruiters will save you days and find candidates with the exact hard and soft skills you need.
- Accessing All-purpose Libraries and Services. Developers don’t need to look for third-party software to tailor the app functionality to customer’s needs. .NET is compatible with versatile Microsoft tools, which makes apps more secure, reliable, feature-rich, and faster to deploy.
Pros of Using Azure for Banking and Financial Apps
- Scalable Infrastructure. Fintech apps start processing large volumes of operations with time. With Azure’s cloud infrastructure, your software will remain reliable at peak loads. Getting additional capacities is easy, quick, and cost-effective.
- Enhanced Security. Microsoft invests in the security of its products, especially those for the financial industry. The main product features include data encryption, vulnerability detection, access management, and identity verification.
- Compliance and Governance. Microsoft prioritizes the integrity and confidentiality of user data, so its apps comply with the GDPR, PCI DSS, and other regulations. That’s why many organizations use Azure the banking and financial services they offer.
- Integrated Analytics. Azure Machine Learning and Synapse Analytics are only a few tools for processing large datasets. They’ll help you learn your client’s expectations, identify suspicious activities, and gain insights into customers’ behavior.
- Developer Tools and Ecosystem. Azure offers many tools for customizing financial solutions. It also offers integrations with Dynamics 365, Power BI, Finance and Operations, etc. Its rich ecosystem allows for fast building, bug fixing, and deployment of Azure finance apps.
- Disaster Recovery. With its end-to-end backup, you shouldn’t worry about data corruption or its unintentional deletion. Azure will help you recover it quickly to minimize downtime and ensure your customers get prompt access to service.
How to Find the Best .NET and MS Azure Development Services for Your FinTech Project
Finding the provider of Azure and .NET engineers with experience in fintech is a demanding task. However, once you follow the next steps, it’s manageable to hire Azure developers with 3-5 years of experience.
- Research companies that offer development in .NET, Azure, and SQL for banking and finance.
- Make a long list of agencies, stating the relevant services they provide. Make sure they offer maintenance and support. Define your requirements.
- Contact each vendor and explain your needs. Note their approaches, prices, and terms required for your project’s completion.
- Rate each provider according to your metrics and create a short list of companies.
- Ask for more details you need to make the final decision and hire dedicated fintech consultants.
Mobilunity’s Case Study
A few years ago, the Mobilunity team got together at an urgent meeting. Soon after it started, everyone was excited to learn about the new challenge. A well-known Swiss bank needed a niche expert with skills in .NET Core, ASP, and Microsoft Azure for banking software since their developer unexpectedly left.
We had to promptly find an engineer with 4+ years of experience in .NET and Microsoft Azure for banking and finance, as the company couldn’t operate normally without this technician. The applicant also had to be familiar with European financial regulations and security protocols. Closing the vacancy with such a rare combination of skills was tough.
The Recruiting Process
Mobilinity prepared the role description and started searching our and partners’ databases the same day. We also proactively contacted experts on LinkedIn and advertised the position on tech job boards. Our recruiters did technical screenings and ran client interviews, paying attention to culture-fit aspects.
Our team moved toward the set goal by facing setbacks and small victories. We even experienced frustration when a particularly promising candidate didn’t pass the interview with the client. However, after only two weeks, Mobilunity managed to find the best-matching professional out of 25 approached and 14 interviewed candidates!
The Outcome
The developer immediately had a positive impact on the project, so the client was happy with such a quick and successful replacement.
This case strengthened Mobilunity’s reputation and highlighted our expertise in hiring developers with skills in. NET, ASP, and Azure for banking and finance. So, if you need to hire ASP NET coders, reach out to Mobilunity. Now you know how we can meet such complex challenges.
9 Steps to Hire a FinTech Developer (Our Approach)
Our recruiting specialists share steps that help them hire ASP NET developers for Mobilunity clients. Here’s what they say:
- Understanding Client Needs
First, we receive a query from a manager who shares general information about the project, the number of engineers for hire, and the requirements for every position. We discuss the company culture and soft skill preferences.
- Skill Mapping and Market Analysis
This stage starts with creating role descriptions and stating the critical skills of the future candidates. Then, we run market analysis and check job boards, LinkedIn, their pool of developers, and partners’ resources.
- Sourcing Candidates
We contact developers who match the criteria and collect resumes into a single base. HR tools help us parse and upload data into the system and assign the status to each candidate. The search process will go together with the next stages until we find the required number of the best-fit developers.
- Screening and Initial Assessment
AI helps us automate routine tasks like the initial matching of candidates’ skills with the roles. After this, we run a phone screening to understand if a programmer has the desire, possibility, and qualification to perform the job. Here, we can ask when an engineer is ready to start working and learn their expectations.
- Technical Assessments
When you hire SQL developers or other fintech experts, assessing tech skills is essential. We explore a candidate’s experience and past projects to see if this person is a good match. We look through their responsibilities in their former jobs and read their portfolios. With some applicants, it’s also possible to use short skill tests.
- Cultural Fit and Soft Skills Assessment
Once a candidate’s hard skills meet the role requirements, we assess non-tech skills. Screenings and HR interviews allow us to understand the applicant’s soft skills. Through scenarios and questions, we learn about time management, problem-solving, leadership, teamwork, communication, and other soft skills.
- In-depth Interviews
Now, it’s time for interviews. We can arrange several HR and tech videoconferences a day. Typically, we arrange technical interviews with Mobilunity’s skilled programmers, or they prepare test tasks for candidates. Once ready, we briefly note the opinion of our senior developers about the applicants.
- Client Interviews
Usually, clients communicate with their potential team members after Mobilunity runs all the interviews. That’s when our short list of candidates is ready. At the end of this phase, customers need to pick the coders for their Azure open banking or other fintech app.
- Offer and Onboarding
When we get the final list of candidates for hire, we send them offers. Then, our managers prepare the cooperation agreements, check payment details, and onboard your .NET, ASP, SQL, and Azure developers.
How to Interview Tech Candidates
- Get Ready for the Interview
Define the competencies you need to assess and prepare questions that will help you do that. Your queries should be precise, direct, understandable, and brief. Consider how you can learn about technical knowledge and expertise relevant to the role.
- Arrange a Tech Test
Select the appropriate testing format (e.g., live or take-home) and ensure it covers tasks similar to the candidate’s future job. Define evaluation criteria, such as correctness, style, effectiveness, scalability of the solution, etc. Write a summary of the completed assignment with a few recommendations.
- Conduct an Interview
To make your interview dynamic, you’ll need to find the right balance between technical, situational, and behavioral questions. When asking an Azure financial services developer about past projects, competencies, and achievements, try to follow the STAR (Situation, Task, Action, Result) approach.
- Assess the Candidate
Consider a candidate’s professional, non-tech, and interpersonal skills. Analyze whether their responses match the company’s values, role requirements, and growth potential. Accumulate test results and feedback from colleagues involved, and decide if the applicant is a good fit for the position.
Why Mobilunity
Mobilunity is a reliable provider of .NET Core, ASP, and Azure developers for your fintech projects. We’ve been in the IT recruiting market for 10+ years and have 40+ clients who’ve built their tech teams with us. Our portfolio includes successful cases of finding fintech engineers in various destinations since our recruiters work around the globe. We offer two cooperation models.
If your project requires 3+ developers and will last for 6+ months, we’ll offer to hire a dedicated team. This plan assumes that you control the developers’ full-time load for a monthly fee, and we run the back-office tasks. Hiring a fintech consultant will be a better choice for small and short projects. You’ll pay only for the worked hours once a month and won’t have to cover overheads.
FAQ
- Why are .NET Core, ASP, and Microsoft Azure relevant for banking and finance apps?
These technologies allow developers to build reliable, scalable, and functional apps quickly. They also ensure compliance with applicable laws, requirements, and standards.
- How does Mobilunity approach a complex tech vacancy?
Once we need to find, for instance, an SQL for finance engineer, we explore the market to craft an appealing role description. Then, we advertise it on relevant boards and communicate with candidates. Then, we run a series of in-depth interviews to ensure the programmer has the required hard and soft skills.
- What are the effective strategies for sourcing candidates skilled in .NET Core, ASP, and Microsoft Azure?
It’s vital to search the right places and approach candidates with a value-bringing approach. We check tech job boards, LinkedIn, our proprietary, and partners’ pools of potentially interested candidates. Then, we learn their expectations and stress how our project can add value to their background.
- How does Mobilunity ensure a candidate fits the company culture?
First, our recruiters explore a client’s corporate culture and list critical criteria (e.g., time management,problem-solving, etc.). Then, with questions and scenarios, we learn if a candidate meets the employer’s requirements.
- What are the challenges in recruiting for high-stakes tech positions in banking and finance?
Even high-paying banking project ASP NET developers are in high demand. So, you’ll need to offer attractive remuneration, exciting projects, and comfortable working conditions, which can vary from coder to coder.
We’ll Hire Your Best-Fit Microsoft Azure for Banking and Finance Developers. Let’s Get in Touch!
All salaries and prices mentioned within the article are approximate NET numbers based on the research done by our in-house Recruitment Team. Please use these numbers as a guide for comparison purposes only and feel free to use the contact form to inquire on the specific cost of the talent according to your vacancy requirements and chosen model of engagement.
