The Fintech Talent Development,Competency, and Manpower Study

The Fintech Talent Development, Competency, and Manpower Study 41 Technical Readiness and Technical Skill Gaps regression line). It appears that a higher degree of technical capability corresponds with a higher capacity of the staff to meet the firm’s business requirements. This finding is consistent with our belief that business models in finance increasingly hinge on the underlying IT infrastructure of the firm. This also provides support to nurturing a new breed of finance professionals who are not only knowledgeable in the business domain, but also technology-savvy. Technical Skill Gaps Many fintech products and services are driven by advancement in information and communications technology. It is envisioned that fintech professionals should be IT- savvy and knowledgeable of the trajectory of technology development. While not all of them are expected to perform highly technical engineering tasks, they should have a good understanding of technologies and their potential and limitations from a business perspective. Front and Back Office Becoming Less Divided For decades, finance and IT professionals within a firm typically follow separate career tracks. The former focuses on front-office, product development, and client- facing tasks, while the latter takes care of the firm’s technology infrastructure and assumes a back-office supporting role. Such a division of talent pool and separate tracks of career progression is no longer adequate and relevant to meet the needs of fintech firms.