Financial technology is leading the market in 2020. With the growth of data, digital banking, and insuretech, we see potential for a lot of new teams being built, and new headcount to be added at the mid to senior level throughout our clients. We predict that there will be a demand at the mid to senior level as firms look to stay competitive in their field, and hire with the intent that the person can value-add to them.
Emerging Financial Technology & Trends in 2020
One of the hottest topics in the disruption of technology is the rise of block-chain and distributed ledger systems (DLTs). Beyond its association with crypto currencies such as Bitcoin and Ethereum, block-chain or distributed ledger technologies has continued to be a key focus of disruptive technology in 2019.
We saw the small and mid sized banks make their first few hires in cyber security space as there is an increasing need to have on site cyber security and IT risk talent in Singapore. Monetary Authority of Singapore (MAS) issued new guidelines and rules to enhance and strengthen cyber resilience within the financial institutions made hires in Q4 2019 in view of this upcoming change as companies had 12 months before these requirements come into effect.
In-Demand Technology Skills
One of the first step of hiring the best talent is to identify the skill sets needed for the role. Machine learning, AWS, Git and Python are a few of the other skills which have seen a higher percentage increment in, whereas skills such as Unix and Oracle have a noticeable decrease in demand.
This report provides an overview and forecast for the fintech job market in Asia-Pacific.
If you need support in securing fintech talent for your team, submit a vacancy and a member of our fintech team will be in touch.