The finance and banking industry is no exception when it comes to integrating technology for automated and improved financial and banking services. As fintech technology is blooming into the market and the global financial services industry is progressively embracing it, fintech startups are innovating rapidly with time. This innovation has greatly streamlined the day-to-day financial operations and made financial transactions easier for people than ever before. However, this increase in demand for fintech technology has given birth to scores of fintech startups to offer more value to the people. However, when the fintech companies are opting for fintech solutions, there is a need to hire fintech developers for successful product development and higher competitiveness.
Find the Fintech Talent in a Smart Way
Acquiring a highly-skilled fintech developer that can build a highly functional app that deals with financial and banking services are the right choice for making the success of the company. Rather than following the normal practice of finding a professional through advertising, it is always better to think outside the box and opt for the smartest approach to hire fintech developers for the company. As emerging fintech startups are making efforts to accelerate the success of the company, here are the top 5 smart approaches that can help in finding a professional team of fintech developers.
1. Identify the Skill Needed for the Company
The very first thing to consider when it comes to hiring a professional fintech developer is to focus on what skills does the company needs to develop its fintech product. Based on those skills, find the developer that excels in that particular skill and offers value to the company. Out of all the skills that matter, expertise in varying programming languages matters the most.
A fintech developer needs to have a strong command of the programming language that the company can use to create a fintech product. As working in the financial sector is quite unique, there is a need for a fintech developer whose specialized knowledge can help fintech companies to create the right product required.
2. Take a Thoughtful Approach to Host a Hackathon
Finding the best developer among the scores of highly-skilled developers is no less than a challenge. When identifying the developer who is well-verse in the different technical skills seems no less than a hassle, take an innovative approach to host a hackathon. Find the right talent that could be the best fit for the company by inviting professional developers who can help to sort out a problem within define time frame.
Finding talent with the right skills through hosting a hackathon is a more innovative and effortless approach than hiring through a traditional recruitment process. However, in contrast to the traditional hiring process, a hackathon has proven to be a more effective approach to finding the right fit for the company.
3. Find Time to Visit the Tech Events
Another effective approach to hire fintech developers is to make a visit to the tech events where scores of developers are out there to attend an event. This will help in easy networking with the developers and cut down the time for hiring a quality developer. On-the-spot interviews serve as the initial stage of the recruitment process while the rest proceeds with the formal invitation for the job. Hiring candidates at a hiring event or an open interview, particularly where the candidates come to show interest in the company is the best approach to hiring professional fintech developers.
4. Consider Hiring Through Freelancing Platforms
Depending on the need for the fintech product for banking and financial services, another effective approach to hiring talented fintech developers is to hunt for developers on freelance platforms. As scores of freelance workers are found from all over the world, the choice can be made based on the work demands. Hiring freelance developers is the right choice to make for the startup fintech business with limited resources.
Above all, it will cut down the expense for hiring and helps in finding talent from across the globe. However, when it comes to sourcing freelance developers, be mindful of the fake accounts on the freelance platforms. Different freelance platforms i.e. Upwork, Fiver, PeoplePerHour, Freelancer, WeWorkRemotely, etc. can be consider for the smooth and hassle-free hunting of fintech developers.
5. Hire a Professional and Dedicated Fintech Development Team
Before hiring fintech developers, make sure to know what kind of software or application require for the company. Whether there is a need for an insurance app, billing and invoice software, lending app, consumer finance app, or digital banking app, make sure that the fintech specialist has the necessary expertise in building the application or software that is needed. Hire a fintech development team that deals with all requirements and delivers high-quality products. However, hiring a dedicated development team is the right approach to meet all the needs in the right manner.
As the fintech technology in the finance sector continues to grow at a rapid pace, hiring a fintech app developer is a right fit for the company and have expertise in delivering the varying types of fintech products. However, make sure to find quality talent from this crowded marketplace to gain a competitive advantage over the competition.