The fintech space is moving along at an alarming pace, and these skills for staying informed and capable should be kept in mind.
In the rapidly evolving STEM space, it can sometimes feel as though the moment you have mastered a new skill or overcome an obstacle, a larger, more pressing challenge takes its place. It can be extraordinarily difficult to stay up to date on industry changes, but for ambitious jobseekers and professionals, falling behind is not an option.
The fintech space is no different. Modernisation, particularly in the area of digital assets and financial infrastructure, has resulted in an ecosystem where the vast majority of the work has moved online and the skills needed to stay informed have become increasingly complex.
But that doesn’t mean that it is impossible to do so – in fact, now more than ever there are a myriad of fun, innovative and convenient ways to upskill, without breaking the bank.
With that in mind, as part of SiliconRepublic.com’s August fintech and financial infrastructure coverage, here are some of the skills that you should definitely keep on your radar if you envision a long and successful career in this space.
Keep it real
To start off, it is critical that in an evolved, automated and complex environment, where often you are dealing with deeply sensitive information, you have an arsenal of interpersonal skills. Many professionals or jobseekers in finance might assume that to get ahead, all you need are the technical skills and a decent understanding of the lingo.
While this is an equally important component of a fintech or finance-based career, professionals looking for a robust skillset should ensure that they have strong communication skills, that they can address challenges and concerns with empathy, that they engage with private information ethically and that they can adapt to a rapidly changing sector.
This adaptability will be evident in how you engage with new policies, tools, techniques and shifts in workplace expectations. Remember, your education, experience and qualifications are often what gets you the interview, but it is the soft skills and your attitude that indicate whether you are a good fit, not just for the industry but also the company or institution you are applying for, which will have its own set of values.
Keep it relevant
Financial literacy is the bedrock of an education or career in fintech and financial infrastructure, as it enables the student or professional to understand core concepts and make informed decisions. Financial literacy gives those who possess it an evergreen, foundational knowledge of key topics such as budgeting, investing and borrowing, and it allows individuals to better understand an evolving marketplace.
Online courses teaching financial literacy are an ideal resource, as are books, videos and essays covering the subject. Fintech applications and community organisations can also give professionals or students a learning outlet that feels more ‘real’, in comparison to a book or course, as activity occurs in-person or in real-time. While the industry is always changing, many of the core concepts stay the same, so don’t get distracted by the shiny new tools to the point that you forget the basics.
Keep it skilful
Since the evolution of coding towards a landscape where ‘vibe-coding’ and AI-powered programming do much of the work, some might consider traditional coding skills less important now. However, this couldn’t be further from the truth. As more and more roles become cross-collaborative and skill expectations evolve, coding capabilities give finance professionals an edge in an ecosystem that thrives on niche or under-represented skills.
Languages such as Python, Java and JavaScript are often used in the development of fintech platforms. Having the know-how to build an app and then deploy, maintain and use it has the potential to create an invaluable employee who is useful across multiple areas of an organisation. And it looks great on a CV or in a job interview, as it shows you are not confined by the typical skills expectations of a role.
Keep it standing
What is the point in having people skills, foundational skills or coding skills geared towards a fintech or finance-based career if your knowledge of the sector’s infrastructure is inherently weak?
Students and professionals eager to develop a strong career in this space should ensure that they have a strong understanding of the industry’s infrastructure. That includes, but isn’t limited to, banking systems (traditional and neo-banks), payment platforms, and the risk and compliance organisations that govern it all. Areas to prioritise include financial analysis, finance modelling skills, increased awareness of regulatory and political factors, and complex project management, among others.
All in all, as long as you can say you are continuously learning and can show that you aren’t allowing your skills to atrophy, a good employer, who is serious about ensuring a candidate is a good fit, will reconsider the potential you bring.
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