Fintech and Wall Street
As technology advances, new innovations are changing the way we shop, make payments, fundraise, and handle savings and investment transactions. The exchange of cash is diminishing as a growing number of businesses and consumers are now using apps, swipe cards and smart phones when conducting financial transactions and other business.
The development and trading of Cryptocurrencies, such as Bitcoin and Ether, will further change the way we do business, and will likely even change the way we think about money in the future.
The development and trading of Cryptocurrencies, such as Bitcoin and Ether, will further change the way we do business, and will likely even change the way we think about money in the future.
All of this new Financial Technology, or Fintech has sparked a demand on Wall Street for tech and finance savvy talent to fill the many new and emerging jobs in the financial services industry.
Candidates with backgrounds in finance, computer science, data analytics, statistics, graphic design, marketing and other related fields are finding exciting new career opportunities in fast developing areas:
BLOCKCHAIN DEVELOPMENT
Although Blockchain was initially created for cryptocurrency, it has since been used in many areas of the tech industry and beyond. It is a very secure way to store data, manage contracts, and record payment transactions.
Developers are needed to create new user interfaces, payment processes, and security features to keep client information safe.
QUANTITATIVE ANALYSIS
In the financial services industry, Quantitative Analysis is used to determine optimal times for buying or selling stock and other securities. Quantitative Analysts (Quants) are the skilled professionals who build trading systems that automate the trading process.
They input key financial ratios such as price to earnings and complex calculations such as discounted cash flow valuations.
They understand the complicated math models that price securities and are able to enhance them to generated profit and minimize risk.
APP DEVELOPMENT
In this new digital age, people are using apps for banking, stock trading, peer-to-peer transfers and many other services. There is a lot of competition out there, and banks, financial services and other companies all want to have the most attractive and easy to use apps to attract and retain customers. This is a growing field, and skilled app developers are in high demand.
CROWD FUNDING
The internet has made it possible for individuals, and businesses to raise money for projects, activities and start-ups in non-traditional ways.
Crowd Funding involves raising capital through the collective effort of friends, family, customers, and individual investors. This is primarily done online via social media and crowdfunding platforms such as Kickstarter and Indiegogo. Crowd Funding combines Venture Capital with Market Research. There are numerous career paths to take in this evolving area.
REGTECH
These days, most Wall Street firms rely on technology to manage their regulatory processes – monitoring, reporting and compliance.
FinTech-savvy professionals, with an understanding of artificial intelligence, machine learning and advanced analytics, are needed to maintain all the Regulation Technology that these companies have in place.
Positions on Wall Street are highly competitive and tech-minded applicants must also have a clear understanding of business and finance to be considered for the hottest new FinTech jobs.
Teach me Wall Street lays down the groundwork for students, with tech interests, in the areas of business and finance. We help students understand how Wall Street works and teach valuable life skills.
Our programs help develop interests and insight about career options and introduce pathways to independence and success!
Interested in Learning More about Wall Street?
The 5 Things About Money Kids Aren't Taught In School, But Should Be
Enter your contact information to get a free copy of this guide in your email inbox.
Send Me The Guide