The distinction between fintech and traditional banking is blurring, and will likely disappear. The ramifications of that trend are many, but a dominant one is the growing talent gap faced by traditional institutions. Fintechs, too, will face difficulty finding the best talent as the numbers of these challengers continue to increase.
A big new study — “The Fintech Job Report: Technology is Eating Finance,” by the Centre for Finance, Technology and Entrepreneurship — highlights the gap between the ever-advancing technologies that will be needed to succeed in banking and the individuals financial institutions need to implement that tech.
The 244-page report’s main contention is that banks and credit unions must focus on individuals more skilled in various digital technologies, rather than having a background in financial matters.
“The main thing that comes out from the
Article source: https://thefinancialbrand.com/126811/banks-are-all-fintechs-now-or-soon-will-be-but-do-they-have-the-right-talent/
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