Thursday , October 21 2021

Are finteches in danger due to lack of talent?



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With accelerated development, these companies have not succeeded in covering up the key positions they need to accompany rapid growth

The technology industry always needs new talent to continue innovative developments. And fintech isn't left behind. With the stages of expansion and growth – which showed 70% growth in recent years – the technology-financial sector suffered from a lack of talent

In a study, it was recognized that this future could endanger the company.

"There is general consensus about the need to include skilled people with a financial and technological knowledge profile: 63% of fintech respondents indicated that they have difficulty finding the right talent in the labor market. If this scenario continues, it is hoped that this problem will increase in the short term , which can affect the growth rate of fintech, "said the document presented, together, by the techno-financial company Afluenta and by Accenture consultants. .

In a note published in Perfil highlighting the industry's interest in combining new faces to improve their development. Today, 80% say they have up to 50 employees and only 10% more than 100. However, most (88%) expect to increase their permanent plants by 2018.

"Regarding the issue that most concerns Fintech, we separate them into three: talent, regulation, and financing. Regarding talent, we find that it is one of the most valued points by fintech, but there is a great distance between the interests they provide and quality with respect to what they find on the market, "said Diego Zorzoli, Accenture's executive director.

On the other hand, Zorzoli explained that, when looking for qualified employees, financial technology companies found obstacles in terms of "Availability, costs and competition with traditional markets". Exactly related to the difficulty in finding staff with adequate qualifications, one of the items framed by the report as "extraordinary debt" from fintech is a gender issue.

"In Afluenta we have more than half of our team consisting of women, but it is very difficult for us and we must make extraordinary efforts to maintain equality in our IT (information technology) field, due to lack of women dedicated to systems and programming", explained Alejandro Cosentino, CEO and founder of this company.

This study shows that in 60% of companies in this sector there are less than 25% of working women and only 20% of Fintech say that they have more than 50% of women in managerial positions, and only 18% have at least one woman in their founding team .

The Fintech industry has a strong technology or digital base, where it is used to provide financial services. In this country, the increase in operations and clients of this sector seems promising. About 60% of Argentine companies in this sector project growth of more than 100% of users over the next three years, in line with changes in consumer habits and improvements in technological and financial infrastructure.

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