The Fintech Talent Development,Competency, and Manpower Study

The Fintech Talent Development, Competency, and Manpower Study 66 Establishing Core Competencies for Fintech Exhibit 25 Approach to developing the fintech competency list Insights gathered from executive interviews and desktop research A list of 46 competencies was developed and shared with respondents through a survey Develop an exhausted list of competencies Refine competencies to represent capabilities critical to fintech industry Traditional banking organizations observed to account for 60% of respondents; therefore results were analyzed by group to avoid skewed results Results were leveraged to identify and refine to 31 competencies with the aim to represent capabilities critical to the industry 1 2 Finally, this industry competency framework focuses on soft skills and behaviors. It does not include role (division head vs. manager vs. individual contributor) or technical skills of specific function (such as liquidity risk, credit, treasury, AML, and cybersecurity). The specific qualifications and training for these technical skills are covered extensively by guidelines from regulators and industry professional bodies. Refining the List of 13 Core Competencies The final list of core competencies is the product of several rounds of industry validation and revision. The initial list of 46 competencies was pared down to 13 during the process.