{"id":9343,"date":"2019-07-11T16:44:02","date_gmt":"2019-07-11T20:44:02","guid":{"rendered":"https:\/\/blog.brainstation.io\/?p=9343"},"modified":"2020-05-14T14:34:17","modified_gmt":"2020-05-14T18:34:17","slug":"what-digital-skills-you-need-to-become-a-fintech-leader","status":"publish","type":"post","link":"https:\/\/brainstation.io\/blog\/what-digital-skills-you-need-to-become-a-fintech-leader","title":{"rendered":"What Digital Skills You Need to Become a Fintech Leader"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">FinTech \u2014 or financial technologies \u2014 is that increasingly-common marriage between the tech industry and the financial services sector. And year by year these companies, from Avant to <a href=\"https:\/\/brainstation.io\/blog\/wealthsimple-wants-to-make-you-smarter-3-minutes-at-a-time\">Wealthsimple<\/a>, are giving traditional banking institutions a run for their money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Forbes, the sector is expected to keep growing as startups try to \u201cdisrupt every area of finance,\u201d with one forecast pegging the compound annual growth rate at close to 75 percent from 2019 through 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cFinTech is really where finance and tech intersect, of course, which means people can come from a really traditional background \u2014 getting a business degree, or going to commerce for university&#8230; or they can come from the whole geeky, coding, fun tech side,\u201d says Ellis Odynn executive director and chief AI officer for the Digital Finance Institute.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So how can professionals tap into this booming field (and become a leader)? Industry experts say it comes down to developing a few crucial, in-demand digital skills.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Back-end and Front-end Development<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Odynn says it\u2019s \u201cabsolutely\u201d necessary for job hunters to have development skills if they want to land a gig at a FinTech company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In particular, being able to code apps for various devices is an important skill, she notes. \u201c<\/span><span style=\"font-weight: 400;\">Every young person banks on their mobile phone&#8230; they deposit checks, they send money, they pay their bills, all on their phone,\u201d she explains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When Kesem Frank, chief maven at blockchain solution company Mavennet, is hiring developers, he\u2019s looking for people who are well-rounded, capable of thinking like a product\u2019s end user, and can run the gamut of a full stack.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMaybe you&#8217;re stronger in front-end, maybe you have a passion for the back-end&#8230; but it&#8217;s a gigantic advantage if you can fulsomely understand the full stack,\u201d he says. \u201cDon&#8217;t market yourself as \u2018I do this one thing very well\u2019&#8230; show you can understand the whole thing.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He says it\u2019s also helpful to develop familiarity with different virtual machines running different stacks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf you understand not just a technical level, but a conceptual level, what&#8217;s the big deal with this technology, it makes you a better developer,\u201d he explains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, says Odynn, \u201cpeople who are able to code, or have taken a <a href=\"https:\/\/brainstation.io\/course\/online\/remote-web-development-bootcamp\" target=\"_blank\" rel=\"noopener noreferrer\">coding bootcamp<\/a> \u2014 they have a huge step up.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Data Management and AI<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Increasingly, FinTech companies are turning to AI to conduct the financial work behind-the-scenes, according to Odynn.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With that in mind, job hunters should become familiar with AI and <a href=\"https:\/\/brainstation.io\/course\/online\/data-science\" target=\"_blank\" rel=\"noopener noreferrer\">data management skills<\/a> \u2014 be it a basic understanding of the systems or, even better, intimate knowledge of how to actually build them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s all about \u201clearning how to deal with data and find patterns in data and analyze data sets,\u201d Odynn says.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s having people who have the ability and skills to come up with algorithms and programs machines to do that for them,\u201d she adds.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Design and UX<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Alongside data and development skills, experts say having a sense of <a href=\"https:\/\/brainstation.io\/course\/online\/user-experience-design\" target=\"_blank\" rel=\"noopener noreferrer\">design and UX<\/a> is a helpful skill for a job seeker\u2019s toolkit \u2014 particularly given the slick, well-branded nature of many rising stars in the FinTech sphere.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf you look at a bank website, it&#8217;s so standard. There&#8217;s nothing interesting,\u201d says Odynn. \u201cIf you look at a FinTech website, it&#8217;s brighter colors, pop-ups, it&#8217;s very easy to understand what&#8217;s going on.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most of these growing companies are targeting millennials she notes and catering to this design-savvy generation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt&#8217;s incredibly important for startups to be able to differentiate, and what we differentiate is probably not the functionality&#8230; it&#8217;s really that distinct layer that we put on top of what we build that makes it stand out in a really competitive market,\u201d echoes Frank.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While design isn\u2019t everyone\u2019s forte, he says candidates need to at least be aware of its importance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI can tell you that conversations when somebody has a design in mind \u2014 they&#8217;re just more meaningful,\u201d he explains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bottom line, according to Frank, is that companies are looking for truly \u201cimpressive\u201d candidates, which also goes beyond your resume and skill set.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBe keen,\u201d he says. \u201cYour approach, your mannerisms, your aptitude to how you do things is so key.&#8221;\u00a0<\/span><\/p>\n<p><em>Want to hear more from FinTech leaders? BrainStation Community members get 20 percent off <a href=\"https:\/\/www.fintechcanada.com\/\">FinTech Canada Conference tickets<\/a> using code BRAINSTATION20.\u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How can you break into this fast-growing field? It might all come down to developing a few crucial, in-demand digital skills.<\/p>\n","protected":false},"author":7,"featured_media":9346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[533],"tags":[332,111,227,238,987,988,112],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Digital Skills You Need to Become a Fintech Leader | BrainStation\u00ae Blog<\/title>\n<meta name=\"description\" content=\"How can you break into this fast-growing field? 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