To the fintechs These companies are revolutionizing the financial sector in Brazil and worldwide. In addition to providing fast and digital service, they are streamlining how financial products and services are offered to individuals and businesses. In this post, we will explain... what is it? fintech And how to prepare to work in this promising field. Check it out!

What is it fintech?

the term fintech It's a combination of two words in English: financial (financial) and technology (technology). It is used to name startups Fintechs are companies that offer innovative financial products and services on digital platforms. They can offer different types of services, such as:

• financial control;
• Credit and debit cards;
• digital account;
• loans;
• insurance;
• investments;
• crowdfunding;
• blockchain. 

According to the report 2021 Global Fintech Rankings, Brazil is the largest ecosystem of fintechs from Latin America. Some fintechs Brazilian companies are quite well-known in the market, such as Nubank, PicPay, GuiaBolso, and Creditas.

The study also showed that the country has 108 fintechs unicorns, that is, startups Private financial services companies with a valuation exceeding US$1 billion. These figures prove that... fintechs These fields are in high demand and can offer excellent opportunities for professionals from different areas.  

Difference between fintechs and traditional banks

One of the main differences between the fintechs And traditional banks use technology in all financial transactions, which can be carried out entirely through computers or smartphones, without the need for the client to travel to an agency or brokerage. Furthermore, the fintechs They seek to reduce bureaucracy and democratize financial operations, offering greater speed, with low fees or even exemption from fees in digital transactions.  

What is needed to work in a fintech

Faced with rapid growth, the fintechs They attract the attention of investors and professionals with diverse specialties who wish to join their teams. But, ultimately, how does one prepare to work in one? fintech?

First, it's important to understand that, just like all startups of technology, the fintechs require quite dynamism of its employees. After all, this sector is constantly transforming, always keeping up with the technological trends. 

For this reason, professionals who wish to join this type of company should seek... knowledge about the digital world, ...by taking refresher and extension courses, as well as keeping up with market news. In fact, to know the market well fintechs Staying informed about industry trends is also crucial for securing a good opportunity. 

Another very common requirement in job postings is fintechs and the knowledge of foreign languages. English and Spanish are considered essential. French, German, and Mandarin are in high demand and are seen as excellent differentiators. 

There are numerous positions to be filled in fintechs, especially in the areas of IT, engineering and software, product design, customer success, business management, finance and compliance. Thus, degrees in Economy, Administration, Production Engineering, Computer Engineering Law and related fields can open doors for those who wish to enter the sector. 

There is also a high demand for professionals specializing in Data Science in the fintechs. In this sector, the data scientist's role is to collect and manage large amounts of data in order to transform it into relevant information to guide the business's decision-making process. Therefore, if you want to work in a... fintech and likes programming, statistics and strategy, invest in a Data Science course. 

Did you enjoy learning about the world of fintechsTake the opportunity to read our post that lists the 12 professions that are in high demand today.