FinTech careers abound amidst the disruption
As FinTech Recruiters, we’re often contacted by Financial Services professionals who are interested in learning more about FinTech and the career opportunities in the space.
These highly skilled Finance professionals are facing a similar predicament to their blue-collar counterparts of the late 70s and 80s: they’re being replaced by automation. This is especially true for middle and back office functions within banks and other financial institutions.
Recently, we’ve witnessed massive bank layoffs in both the US, Canada and Europe to illustrate this very phenomenon. In Oct 2015, Deutsche Bank announced that it was withdrawing from 10 global markets and cutting 15,000 jobs.
Of course, Deutsche Bank was not alone in the trimming of its workforce. In Canada, TD Bank, Bank of Montreal (BMO) and ScotiaBank had similar announcements of job cuts in the hundreds. And CNBC reported that Bank of America and Citibank reduced their combined staff by 20,000 in the US.
As a Fintech recruiting firm, we believe that the transformation of the Financial services sector by disruptive technology is long overdue. However, it would be a disservice to ignore the technology unemployment that’s occurring in Financial Services as result of FinTech innovation.
So from May 3–6th, 2016, we’ll be joined by top experts in Fintech and career development to discuss the future of the banking and financial services professional at the 1st Fintech Career Virtual Summit. The summit is entirely online and virtual. At this summit you’ll:
- Learn how to best prepare for the current disruption in Financial Services.
- Discover Fintech companies and technologies that are democratizing access to capital.
- Get introduced to new financial vehicles created for the masses which were was once reserved for banks and governments.
- Have access to job opportunities at various Fintech startups.
- Learn from top career, sales and leadership development experts about the latest brain based research on coping with highly evolving workplaces that require constant learning, leadership ability and self-awareness.
You should definitely attend this event, if you’re in Financial Services, FinTech or considering switching to FinTech from another industry.
If you’re interested in becoming a guest speaker or sponsor, please contact Nako Mbelle for more information.
So register TODAY for this first of its kind online FinTech Career Virtual Summit that’s not to be missed!
Sources: http://fortune.com/2015/10/29/deutsche-bank-layoffs http://www.cbc.ca/news/business/td-bank-job-cuts-scotiabank-1.3284524 http://www.cnbc.com/2016/01/25/us-banks-keep-trimming-branches-cutting-jobs.html
