Payments Cards & Mobile Jobs of the Week December 06

Dixie

The FinTech industry has grown exponentially over the last decade and this expansion won’t be slowing down in 2022 either.

While 2020 and 2021 were dominated by the challenges of adapting to the pandemic, 2022 looks set to be a more stable year where companies will fully embrace digital transformation in all its forms.

The top six highest paying jobs in 2022

Here are some of the main trends that we are predicting as well as the top paying jobs to look out for.

We find that this time of year is one of the most popular for companies to start hiring, so if you are looking, now is the time to act – writes Rebecca O’Keeffe, Content Creator, Jobbio.

Goodbye to bricks and mortar

Branch closures have reached an all-time high over the last few years as the idea of having a brick and mortar institution suddenly became unnecessary. This move away from the traditional model was accelerated by Covid-19 but it was already in motion before that too.

In fact, according to Global Market Insight in 2019, digital banking decreased physical visits to branches by 36%. This number has likely skyrocketed since then.

Buy-now pay-later

Online shopping has risen sharply and experts predict that it is here to stay. For future generations, internet shopping will simply be the norm as it provides shoppers (especially those in remote areas) more options and opportunities.

As a result, the adoption of new payment options is happening faster than ever before. Take, for example, buy-now, pay-later solutions like Klarna and Afterpay, where consumers can ‘try’ products before they buy them.

The continued rise of AI

AI is here to stay. The use of artificial intelligence is widespread in the banking sector from automated advisors to more advanced algorithms that can assess applications and create estimates.

The rise of artificial intelligence and machine learning comes with plenty of benefits such as better risk management, data collections and analysis. Ultimately, this should lead to better customer experiences in the long run.

Going green

There will undoubtedly be a huge focus on sustainability and environmental issues going into 2022. Finance customers are calling for greener products and the sector will have to listen.

Traditional banks and innovative startups will be keen to boost their ESG products and services including things like green loans, mortgages and current accounts with carbon-tracking features. The time for greenwashing is over, 2022 customers want action and they want banks to literally put their money where their mouth is.

Blockchain boom

Blockchain has revolutionised the world of fintech. According to research by CB Insights, over 48% of banking executives state that Blockchain will impact the banking sector with maximum intensity in 2022.

Because blockchain is decentralised, it can often cause panic amongst regulatory bodies but the added security it brings during the transaction phase means that it is here to stay.

So, those are the main trends we expect to see in 2022, but what are the top paying jobs in the sector? We used the Indeed salary calculator to find out.

Chief Financial Officer £122,278

Chief financial officers or CFOs are responsible for tracking cash flow and financial planning. They also analyse the company’s financial strengths and weaknesses so they can strategize for the future.

Quantitative Analyst £78,126

Quantitative analysts or Quants’ are the people behind complex financial models. As big data continues to rise, quants are becoming more important in fintech as they devise models that can sort through the massive amount of data and automate them.

Software Architect: £72,201

A software architect is a software development expert who makes high-level design choices and dictates technical standards, including software coding standards, tools, and platforms.

Software Development Manager £66,955

A software development manager plans, directs, and coordinates all activities related to writing software programs. They lead the developer team to make sure that projects are completed.

Development Operations Engineer £65,692

Development operations engineers are tasked with studying and observing functioning systems and recording the performance results. In their day-to-day jobs they analyse, design and evaluate automation scripts and systems.

Cyber Security Consultant £58,029

Since the FinTech industry is all about the internet and mobile communication, it is most vulnerable to cyberattacks. Cybersecurity experts are basically the industry’s bodyguards. They use their skills to investigate past incidents and to prevent any attacks in the future.


blockchaindigital transformationCyberbuy now pay laterJobs of the weekJobssalariesfintech jobsalaystsoftwarechief financial officerengineer

Source Article

Next Post

What's going on across the global ILS sector?

“This was after a meteoric rise [between] 2011 and 2018, where many people thought this alternative capital space was going to blow the top off the reinsurance space,” said Jeff Mohrenweiser, senior director at Fitch Ratings, who added that he’s not concerned over potential long-term stagnation of the alternative capital […]