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

C# Software Developer
Negotiable, New York

My client is a leading hedge fund and they are rapidly expanding their presence across the U.S. T...

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VP Quant Developer | Market Making
US$180000 - US$220000 per year + Bonus & Company Benefits , New York

VP Quantitative Developer | Market Making Tier-One Investment Bank - Systematic Market Making New...

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Software DevOps Engineer
US$150000 - US$250000 per year, New York

A leading hedge fund in NYC is looking to hire a Software DevOps Engineer to work in a hybrid bac...

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Head IT Support
Negotiable, Zürich

Our client, a global asset manager and private banker is looking for a Head IT Support to join th...

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Senior Modelling Data Analyst (Asset and Liability Management)
Negotiable, Amsterdam

Your job As a member of the Modelling Data team, you supply ALM Risk Modelling with the data they...

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(Senior) IT Project Manager (m/f/d)
€55000 - €80000 per annum, Berlin

One of the largest banks in Germany is looking for a skilled (Senior) IT Project Manager for Berl...

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(Senior) Application Manager Product Owner (m/f/d) banking
€55000 - €80000 per annum, Berlin

One of the largest banks in Germany is looking for a skilled (Senior) Product Owner / Application...

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Application Developer (Compliance Systems)
Negotiable, Boston

Position Overview A top Boston based investment firm is looking to add one of their top performin...

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FPGA Engineer
US$250000 - US$300000 per year + medical insurance, New York

FPGA Engineer Requirements/Qualifications: Bachelor's Degree in Electrical Engineering, Computer ...

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