Hot Topics In FinTech & Financial Services - January 2019
Ready for a big new year? Here are some of the hot topics in FinTech & Financial Services for you to consider.
- What's next for the Irish FinTech space?
- Could Being A 'Team Player' Lose You A Job Interview In FinTech & Financial Services?
- How Banks Need To Change
- CV Tip - Demonstrate Results With Numbers [+40% Boost]
- Netflix Powers On (And Gets A New CFO)
- FinTech in 2019? Predictions for Crowdfunding, Open Banking, SMEs, Regulations & More….
- You’re As Likely To Get A Job Interview Meeting 50% Of Job Requirements As Meeting 90% Of Them.
- Old With The Old - In With The New. Funky New Designs For Bank Branches
- How To Make A Bank-FinTech Partnership Actually Happen
- See You At Adminovate 2019?
Talent, regulation and bridging the gender gap - What's next for the Irish FinTech space?
As Colm Heffernan (COO of Fenergo) says, "It has been an exciting year for the Irish fintech scene with an exciting 2019 in the pipeline."
Deloitte has noted Dublin as one of Europe’s fintech hubs with the highest potential.
Could Being A 'Team Player' Lose You A Job Interview In FinTech & Financial Services?
An analysis of job ads and resumes for 6,000+ applications across 118 industries revealed that the most collaborative candidates get penalised by hiring managers.
In fact, being a 'team player' reduces your hireability by 51%
How Banks Need To Change
From Chris Skinner, one of the most influential voices in the world on the future of financial services:
"Banks all effectively have three parts — the back office that develops products and provides the administration services; the middle office that provides the infrastructure to transact, connecting the back and front office; and the front office that interacts with customers."
“Historically, in the industrial era, the big banks controlled the whole of that value chain and tried to do all of it,” Skinner explained. “They each do it quite well in some areas, but are average in others, and in some cases they do it really badly.”
"Now there are a multitude of fintech companies across each of those areas, each doing whatever they specialise in extremely well. The role of the bank of the future, Skinner believes, is to bring these together.
“The bank’s job, in my view, is to curate the marketplace of specialists, who do one thing brilliantly well, and bring them to me,” he said. “I don’t have the time to integrate a thousand application programming interfaces to build my own bank. I want the bank to bring the best to me and build a bank for me.”
CV Tip — Demonstrate Results With Numbers [+40% Boost]
An analysis of job ads and resumes for 6,000+ applications across 118 industries revealed that, for every 3 sentences in your CV, you should use at least 1 number to demonstrate your impact.
You can gain a +40.2% boost over other applicants.
Netflix Powers On (And Gets A New CFO)
Apparently, 45,037,125 people (or accounts) watched the Sandra Bullock horror movie “Bird Box” in its first seven days.
The company is also reported to have found a new CFO.
FinTech in 2019? Predictions for Crowdfunding, Open Banking, SMEs, Regulations & More….
An interesting array of predictions for the upcoming year in FinTech.
The predictions cover a wide range of topics including crowdfunding, social missions, regulations, open banking, capital markets, AI, blockchain and community bank.
"You’re As Likely To Get A Job Interview Meeting 50% Of Job Requirements As Meeting 90% Of Them."
An analysis of job ads and resumes for 6,000+ applications across 118 industries revealed that, while matching requirements is important, you don’t necessarily need to match all of them.
In fact, your chances of getting an interview start to go up once you meet about 40% of job requirements.
Old With The Old - In With The New. Funky New Designs For Bank Branches
Look at these branch projects and you won't see anything resembling the stuffy, boring designs that typified banks in the past.
How To Make A Bank-FinTech Partnership Actually Happen
FinTech companies won’t have to go far to find a fellow FinTech with grisly war stories to tell about the bitter and brutal experience of trying to navigate a bank’s due diligence process, and demonstrate that they are fully compliant with all relevant regulations.
After all, banks’ compliance divisions are often bigger than the entire team in a FinTech business.
See You At Adminovate 2019?
An exclusive full-day forum bringing together innovative FinTech startups, fund administration professionals and industry experts from the investment operations world to learn and share perspectives on the next wave of industry evolution.