Thursday , May 13 2021

Are the finxes in danger due to lack of talent?

With the accelerated development these companies fail to cover the key positions that should accompany the rapid growth

The technology industry always needs new talent to continue innovation. And the fintehas are not abandoned. With the expansion and growth stage – which shows 70% growth in recent years – the technology and financial sector suffers from a lack of talent

One study found it to be a threat to companies.

"There is a general consensus on the need to include qualified people with a technological profile and financial knowledge: 63% of Fintec respondents indicate that they have difficulty in finding the right talent on the labor market, and if this scenario continues, in the short term, which could affect the growth rate of fintec, "the document presented jointly by Afluenta, a techno-financier and Accenture consulting firm, said. ,

A note published in Perfil highlights the interest of the industry to include new people to boost their development. Today, 80% say they have up to 50 employees and only 10% more than 100. However, the majority (88%) expect to increase their permanent site by 2018.

"As for the issues that are most interested in Fintech, we divided them into three: talent, regulation, and funding. As for talent, we found that this is one of the points the fines value most, but there is a big gap between the importance they give and the quality of what they find on the market, "said Diego Zorzoli, CEO of Accenture.

On the other hand, Zorzoli explained that when looking for qualified employees, financial technology companies find barriers to "Availability, costs, and competition with the traditional market." Exactly related to the difficulty in finding a suitably qualified staff, one of the elements that the report defines as "outstanding debt" by fintech is the issue of gender.

"In Affluenta, we have more than half of our women's team, but it is very difficult for us and we have to make extraordinary efforts to maintain a level playing field in our IT area due to the lack of women dedicated to systems and programming, "explained Alejandro Commentiano, Chief Executive Officer and founder of the company.

The survey shows that 60% of the companies in the sector work less than 25% of women and that only 20% of Fintech indicate that there are more than 50% women in managerial positions and only 18%% have at least one woman in its founding team.

The Fintex industry has a strong technological or digital base in which leverage is used to provide financial services. In the country, the panorama of the increase in operations and customers in the sector seems promising. About 60 percent of Argentinian companies in this sector forecast growth of more than 100 percent over the next three years, in line with changes in consumer habits and the increase in technology and financial infrastructure

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