{"id":8938,"date":"2016-04-14T13:52:38","date_gmt":"2016-04-14T13:52:38","guid":{"rendered":"http:\/\/www.openbusinesscouncil.org\/?p=1716"},"modified":"2022-05-04T21:38:26","modified_gmt":"2022-05-04T21:38:26","slug":"rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/","title":{"rendered":"Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors"},"content":{"rendered":"
\"tech<\/a>
tech startup hubs in africa<\/figcaption><\/figure>\n

Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors<\/strong><\/p>\n

Fintech start-ups in Africa expected to create majority of contractor positions over the next 12 months.<\/em><\/strong><\/p>\n

Africa\u2019s growing technology community, coupled with the rise of its financial services sector, are expected to create a surge in demand for specialist \u2018fintech\u2019 contractors, according to professional services consultancy, Procorre.<\/p>\n

Procorre, which manages the life cycle of finance and technology projects around the world, is already seeing a significant increase in requests for app developers, data analysts and \u2018mobile wallet\u2019 framework developers to help the fintech market grow.<\/p>\n

Wiktor Podgorski, head of the relationship management team at Procorre, said: \u201cCurrently, only around 20 per cent of people in Africa have a bank account, meaning people carry around large amounts of cash or store it in their homes. In contrast, around 80 per cent of people have a mobile phone, so there\u2019s a clear argument for developing technologies that will give people digital access to their money.<\/p>\n

\"rise<\/a>
rise of startups in africa<\/figcaption><\/figure>\n

\u201cAs more and more African countries realise the potential of fintech as a way of safeguarding the future of their economies, investment in the industry is likely to soar, thus creating jobs for skilled financial services professionals along the way.\u201d<\/p>\n

Procorre explains that most contractor jobs will be found in fintech start-ups and will be available to those with a background in traditional financial services.<\/p>\n

Podgorski continues: \u201cWhilst not the norm, we\u2019re predicting it will be African start-ups that are more likely to take on contractors to help them develop technologies and launch products into market. Fintech is a competitive and risky business, so they may be less willing to take on permanent members of staff in the first instance.<\/p>\n

\u201cHowever, fintech firms also recognise the need for an experienced workforce to help make their ideas a reality, so naturally they see the existing financial services sector as one of the main sources of talent for their needs. Both of these factors will provide specialist contractors with the opportunities they\u2019re looking for.\u201d<\/p>\n

According to Procorre, banks in Africa are increasingly seeing the continent as a testbed for new financial technologies and are starting to think more seriously about the future of traditional banking services. As such, they are gradually acquiring successful fintech start-ups which present alternative and less risky opportunities for those looking to make the move over to the fintech contractor market.<\/p>\n

Procorre has identified five of the most sought after skills finance professionals will need if they are considering a move into the African fintech market:<\/p>\n

    \n
  • Technology know-how<\/strong> \u2013 having the right technology skills, as well as an understanding of the financial services sector, will help fintech contractors stand out from the crowd. Knowledge of Java, C#, Murex and Python will be an added bonus for employers.<\/li>\n
  • Problem solving <\/strong>\u2013 this is a fairly new market, especially in Africa, so contractors will need to solve problems they haven\u2019t come across before. They\u2019ll also need to have creative flair to turn problems into workable solutions.<\/li>\n
  • Innovating <\/strong>\u2013 the African market is likely to evolve very quickly, so contractors will need to find innovative ways of evolving with it and importantly, staying ahead of the curve.<\/li>\n
  • Analysing data<\/strong> \u2013 it\u2019s a prerequisite that financial services contractors will be good with numbers, but it\u2019s even more important for those entering the fintech market. Large amounts of \u2018big data\u2019 will need analysing, whether it\u2019s looking at the users of a new system or the rationale behind the systems themselves.<\/li>\n
  • Project management<\/strong> \u2013 project management skills lend themselves very well to contractors, so if a financial services contractor has previous management experience, these skills can be easily transferred to the fintech market.<\/li>\n<\/ul>\n

    Podgorski concludes: \u201cThe demand for fintech professionals means employers will be prepared to pay to get people with the right skills, so we\u2019re encouraging people to get a slice of the action now while the African market is still young. The opportunities are limitless.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

    Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors Fintech start-ups in Africa expected to create majority of contractor positions over the next 12 months. Africa\u2019s growing technology community, coupled with the rise of its financial services sector, are expected to create a surge in demand for specialist \u2018fintech\u2019 contractors, according to professional services […]<\/p>\n","protected":false},"author":7,"featured_media":8896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25],"tags":[],"acf":[],"yoast_head":"\nRise in African \u2018fintech\u2019 technologies driving demand for skilled contractors - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors\" \/>\n<meta property=\"og:description\" content=\"Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors Fintech start-ups in Africa expected to create majority of contractor positions over the next 12 months. Africa\u2019s growing technology community, coupled with the rise of its financial services sector, are expected to create a surge in demand for specialist \u2018fintech\u2019 contractors, according to professional services […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-14T13:52:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T21:38:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2016\/04\/Screen-Shot-2016-04-14-at-14.49.33.png\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"379\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors\",\"datePublished\":\"2016-04-14T13:52:38+00:00\",\"dateModified\":\"2022-05-04T21:38:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\"},\"wordCount\":692,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\",\"url\":\"https:\/\/www.footballthink.com\/rise-in-african-fintech-technologies-driving-demand-for-skilled-contractors\/\",\"name\":\"Rise in African \u2018fintech\u2019 technologies driving demand for skilled contractors - 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