Career Opportunities In Fintech Industry

Some of the core areas of fintech like cybersecurity, artificial intelligence, application development, risk and compliance, machine learning and data science have a significant shortage of talented workforce, thereby, creating huge opportunities in the domain

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The finance sector has evolved over the years with the steep advancement in technologies; thereby, leading towards the formation of a new domain – fintech. The transformation and the new methodology of financing have prompted the need for individual’s personal growth, skill enhancement, higher salary expectation and an entirely new work culture. Hence, fintech evolved as one of the fastest-growing industries to explore while selecting a successful career path.

Some of the areas that evolved with advanced technologies to revolutionise the financial sector are peer-to-peer lending, robo-advisory, crypto currencies, investment management software, big data and online banking. According to researches around 82 per cent of the financial institutions are planning to significantly increase their fintech partnership in the next few years.

The era of ubiquitous technology has encouraged business leaders to leverage innovation to meet customer and business expectations for convenience and personalisation. The pandemic has further boosted the emergence and growth of the fintech industry as financial functioning involving physical interactions was majorly disrupted. The global fintech market is projected to grow at a compound annual growth rate (CAGR) of 10.2 per cent to reach $19.1 thousand million by 2025.

For a successful career in the fintech industry, there should be clarity on how to leverage smart algorithms and secure cloud-based devices to enhance financial services. Some of the common spectrums of fintech include digital transactions, mobile stock trading, e-commerce, digital loans, bank currency exchanges, retail banking and investment management.

The fintech industry is steadily growing and with the advancement in technology, the field continues to transform. Hence, those seeking a career path in the evolving domain need to redefine traditional methods of learning and keep up-skilling themselves for unforeseen developments. Some of the core areas of fintech like cybersecurity, artificial intelligence, application development, risk and compliance, machine learning and data science have a significant shortage of talented workforce, thereby, creating huge opportunities in the domain.

Though anyone can seek a career in fintech, switching from any domain, there are a few basic finance and technological skills required to thrive in the industry. While there is a need for constant learning, unlearning and re-learning, aspirants should be familiar with some basic technical skills like basics of software development using Python or Java, machine learning and data interpretation for data science and working with APIs to develop the working platform. Re-skilling for a successful career in the fintech industry includes knowledge about international finance laws, stock market, risk compliance and investments.

Let’s explore some of the top career avenues in the fintech industry.

Data Science

Financial sector experiences trillions of online transactions like purchases, bookings, subscriptions, payments, transfers, trades etc, at a global range; thereby involving a massive amount of data which needs to be analysed and converted into meaningful information. This has prompted a rapid advancement of data science and has opened up major prospective for data scientists to build a career in fintech.


With the financial operations mostly done through digital and cloud-based technologies, there is an unavoidable vulnerability towards malicious cyber threats. Experts have indicated that the financial institutions are 65 per cent more vulnerable to cyber attacks than other businesses. This has raised the requirement for cybersecurity professionals in the fintech domain and it is projected that the requirement of skilled cybersecurity experts will steadily grow in the future.


A major number of fintech companies tend to incorporate blockchain technologies into their strategies. Blockchain was primarily developed to account for the crypto currencies but has evolved as a major part of the fintech industry as well. Hence, the demand for blockchain developers has skyrocketed.

Artificial Intelligence (AI) & Machine Learning (ML)

Two of the key technologies that can revolutionize the financial sector are Artificial Intelligence (AI) and Machine Learning (ML). Since AI is just rule-based algorithm these days, companies are developing machine learning to let AI learn the rules on its own. Professionals in these fields are in high demand because both BigTechs and big banks are thriving to develop such tools for data analysis and transaction monitoring.

Quantitative Analyst

Quantitative analysts or quants are the brains behind complex trading and the experts in guiding securities firms, investment banks and hedge funds in making informed decisions about markets, pricing and financial risk. With expertise in maths, data science, finance and application development, quantitative analysts create algorithms to help companies meet their financial goals.

Future is fintech

Finance is the core sector of the economy that fuels the rest of the sectors by catering to their myriads of needs. Traditional banking and finance is speedily evolving into fintech, which is fast and futuristic. So, those who have flair for finance and are well-equipped with technological skills have enormous career opportunities in fintech, not only in India but across the globe.   

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house

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