April 13, 2024

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Fintech hiring: how much it's growing, which jobs are most in demand in 2023 and what's in demand this year

Fintech hiring: how much it's growing, which jobs are most in demand in 2023 and what's in demand this year

In this news

the Financial technology They have emerged for a few years as leaders in the transformation of the global financial landscape. These companies, which combine technological innovation with the provision of financial services, not only face the challenges of the present, but also anticipate solutions for the future.

In Argentina, the fintech industry has demonstrated a Remarkable flexibilityAs shown by the results The 2023 FinTech Employment Survey, conducted in collaboration with Great Place to Work.

The report, based on a survey collecting responses submitted between November and December 2023 by 66 companies in the sector, reveals that Employment in the Argentine fintech sector saw growth of 9.9% last year, reaching a record high of 34,350 employees.. Since 2017, jobs at Argentine fintech companies have grown at a CAGR of 40%, reflecting the strength and potential of the industry.

The most in-demand jobs in technology in 2023

The most in-demand jobs in tech in 2023 were these Backend, full stack and front-end developers, Along with roles in the field Product as Product Owner and Product Analyst.

Forecast for 2024

looking to the future, Forecast for 2024 They indicate strong employment growth in key areas such as It and customer service. Argentine fintech companies plan to increase their hiring by 23.2% in IT and 19.9% ​​in customer service, while areas such as marketing and business development are also showing significant growth.

“Demand for jobs Product Owner and Product Analyst They remained at the top of the interests of companies that want to grow their product field in 2024, at a rate of 72.5% and 70%, respectively. Both roles saw an increase compared to the previous year. Meanwhile, demand for adding UX/UI designers, product lead, product manager, and product manager has declined compared to the 2022 survey. However, these last three positions share interest from 42.5% of interested companies,” the report says.

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The financial technology sector, also known as fintech, is a growing industry focused on… Developing innovations to improve the delivery of financial services And used by everyday consumers. It includes sectors such as Digital payments, big data, investments and alternative finance.

Over the past 10 years, fintech has moved from an elusive, niche industry trend to a transformative force in the global financial landscape. Initially associated with small startups, Today's fintech includes multi-million dollar companies. Mobile and online banking, digital payments, cryptocurrencies and blockchain, insurtech, rich technology, and artificial intelligence are classified as fintech because they combine innovation in the financial industry and technology.

According to a Statista report, in the past five years the fintech sector has witnessed a significant increase in the number of companies, with a noticeable concentration in the US region. At the same time there was A A noticeable recovery in financial technology users around the worldEspecially in the field of digital payments, where the global user base is expected to exceed 3.5 billion by 2024.

In Latin America, Statista estimates indicate this The number of new financial technology companies reached more than 11 thousand companies in 2023, or about 33 percent more. Of the number of companies registered three years ago. within the continent, Latin America hosted about 2,200 of these initiativesMost of them work in sectors such as payments and loans.

Adoption of FinTech services among Argentines has also reached remarkable levels. According to the survey conducted by the Chamber of FinTech Companies, 61% of Argentines over the age of 15 will have at least one account at a fintech company in 2023Two out of three money transfers involved the use of a money conversion unit (CVU).

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In terms of employment, Women's participation in the fintech sector has shown a significant increase, representing 45.2% of positions in 2023, an increase of 3.2 percentage points compared to the previous year. In addition, women held 36.5% of leadership roles in Argentine fintech companies, which exceeds the global average.

Argentina's fintech employment report is in line with global trends, as highlighted in a report by the World Economic Forum. This report mentions that The global fintech industry remains strongWith customer growth rates exceeding 50% in all sectors and regions. Consumer demand is driving this growth, with fintech companies providing tailored financial services to traditionally underserved sectors.