Talent Deficit

Fintech Needs Help—And Fast; Here's How Banking Giants And Startups Alike Can Build Teams On The Fly

The disruptive marriage of finance and technology is reshaping how consumers and banks interact. Financial technology (fintech) projects are delivering innovative conveniences—from an instant messaging chatbot that can check bank balances and tally expenses to an app that lets users transfer funds with a wave of the hand. As organizations roll out new tools and apps, global fintech spending skyrocketed to US$22.3 billion, according to a 2016 Accenture report. Despite this influx of funding, the fintech uptick is straining the talent supply, says Stephen Findley, relationship manager at fintech software developer GigaParse Technologies, London, England.
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