Financial Technology

Financial Technology

​Money, in it's many different forms has been part of human history for over 3,000 years. Whether it's in the shape of a metal coin, a piece of paper with a historical figure on it, or a number on a computer, one thing is for sure – money is constantly evolving. The potential for innovation in finance is substantial, evidenced by the almost 6,000 financial technology start-ups currently operating in The Americas.

Given the significant number of start-ups involved in the fintech sector, it's not surprising to discover substantial growth occurring – firms raised $12.4bn in funding in 2018, a 43% increase over the previous year. That growth outpaced the 30% increase in venture investments across the entire US market (Forbes). Traditional banks, insurers and other large financial institutions are increasing their investments in fintech as well with a number integrating fintech into their existing product and service offerings, while others invest in fintech start-ups or set up their own incubators. According to a report by Business Insider, Citigroup has the biggest fintech portfolio of all the traditional banks, with 13 start-ups backed since 2011. Goldman Sachs, with ten start-ups backed, and JPMorgan Chase, with five, represent the other leaders from the traditional banking sector.

Fintech is continuing to change how consumers access and manage their banking. The American Banking Journal reports that 70% of consumers used a mobile device to manage their bank account at least once in the previous month, and 34% are using mobile devices to make a payment or transfer money. The future of this type of technology will include expansion on a global level as shared by the Association for Financial Technology - companies like Currencycloud have announced solutions that allow banks and Fintechs to provide multi-currency accounts to their business customers that allow them to collect, store, convert and pay in more than 35 currencies. Looking at this trend toward globalization, the Forbes Finance Council foresees more large banks getting back into the innovation game in the coming years. JPMorgan currently employs 50,000 technologists and Bank of America is the world’s largest blockchain patent holder. The emphasis on developing new fintech products and services will impact the talent market, with financial services firms eager to secure the industries top fintech talent. Selby Jennings has partnered with Corinium Intelligence at this AI & Emerging Tech for Finance conference to explore this topic further.

Employment in the sector will continue to grow as high usage of mobile devices and technology-based solutions will push the demand for financial and banking solutions, which can be accessed through personal devices. This is the key growth driver for the global financial technology market, making it worth approximately $305.7bn by 2023, at a CAGR of 22.17% during 2018-2023.

Financial Technology Jobs

Pre-Sales Engineer
Negotiable, New York

Working closely with the sales team, the ideal candidate will focus on growing out the sales pip...

Apply now
Full Stack Developer
Negotiable, Montréal

The Full Stack Developer should have the following qualifications: ▪ Have knowledge of at least...

Apply now
Sales Engineer
Negotiable, New York

Working with the technology, services, sales and onboarding teams to determine client needs in o...

Apply now
Senior Site Reliability Engineer
Compensation is negotiable, Chicago

A global leading proprietary trading firm is searching for a Senior Site Reliability Engineer to...

Apply now
Software Production Engineer
US$150000 - US$200000 per annum, Chicago

A technology-driven quantitative-based trading firm is building out its team in Chicago by addin...

Apply now
Principal Front End Engineer | Low Latency Trading Tools
US$200000 - US$250000 per year, Boston

Principal Software Engineer (Angular, React, Java) | Elite Trading Firm | Burlington, MA A mult...

Apply now
Principal Software Engineer (PostgreSQL) | Low Latency Trading
US$200000 - US$250000 per year, Boston

Principal Software Engineer (PostgreSQL, SQL, Java) | Elite Trading Firm | Burlington, MA A mul...

Apply now
Senior Developer - Production Team
Negotiable, Nice

Leading Financial Research Provider | Senior Developer Location: Nice, France We have been ...

Apply now
Equity Sales Trader
Negotiable, Singapore

Job Description Develop relationships with investors and meeting arrangement Develop sales...

Apply now