Account-to-account payments, expense management automation, and embedded finance are just a few of the notable areas that startups are focusing on in fintech this year. This compares to the strong performance of 2022 digital loanfinancial services, insurance and market map segments.
Despite the recent gloom in the US tech sector, the fintech sector remains a strong performer. This year, it reached a $4 trillion market sizethe digital payments sector emerging as the largest fintech segment in the United States. Its market value is over $1.2 trillion.
By 2028, experts estimate that the United States will account for more than 62% of the total value of global fintech transactions. Customer adoption of fintech is also increasing, with 46% of customers implementing fintech. Additionally, 60% of credit unions and 49% of banks in the United States believe fintech partnerships are essential.
For those looking to integrate fintech into the broader IT and finance sectors, there are many skills that are transferable. The good news is that CB Insights’ recent Fintech 100: The Most Promising fintech startups of 2023 The report highlighted several US-based startups to watch.
From expense management platforms Airbase, Mesh and Jeeves to cryptocurrency companies BitGo, ConsenSys and Brex, and digital banks Nomad and Clair, there is also strong activity in automation and AI, such as Cognaize, a financial services company. automation platform.
In payroll and benefits, the report highlights Tapcheck and Finch as companies to watch, as well as Measurabl and Valon in real estate. Unit21 and Alloy are highlighted in fraud prevention and compliance.
Selected from over 19,000 companies, the indicators used included equity financing, investor profiles, business relationships, R&D activity and news sentiment analysis, for example.
The result is a group of high-performing fintech companies that have raised nearly $22 billion in equity funding across 381 transactions since 2019.
It’s a boost for workers in a sector that’s been plagued by layoffs and downsizing since mid-2022. So if you’re looking for a new engineering job, fintech offers rich opportunities. Check out a few below, and for thousands more open roles across the tech landscape, check out the Interesting engineering Job offers to learn more.
Solutions Engineer – Fintech, SaaS, Payments, Infinicept Inc, CO
Infinicept is a thriving and innovative fintech company headquartered in Denver, CO and is currently seeking an ambitious and motivated candidate. Solutions Engineerwho must have a deep understanding of Infinicept products or services and be able to explain technical concepts to non-technical audiences. You will need strong problem-solving and analytical skills, as well as the ability to work independently and manage multiple projects simultaneously. Additionally, you will have solutions engineering experience to bring deep technical expertise to the sales, integration, product development, and implementation process. You will have a minimum of five years of experience in the payments industry in a role where technical communication of integrations and/or product features is critical to success, as well as deep knowledge of payments. Apply for this position now.
Senior Account Manager, FinTech Startup, Amazon Web Services, Inc., New York
Are you excited about the potential to help Fintech startups scale, accelerate and disrupt the financial ecosystem? Senior Fintech Account Manager For Startups, you will strategically drive cloud adoption across your group of high-growth startups. You will help startups adopt key new AWS technologies, optimize their cloud services spend, and drive co-selling strategies. Based on the fintech startups’ goals and priorities, you will align and execute on startup financial metrics, drive revenue, market share, and an “all-in” mindset, manage a portfolio of highly funded, fast-growing early-stage fintech startup accounts, and accelerate customer adoption by engaging founders, CxOs, the board, and VC influencers. You will need five years of direct sales or business development experience in the software, cloud, or SaaS markets, selling to senior executives, and equivalent experience in business development, partner development, sales, or alliance management. Get all the details here.
Site Reliability Engineer, Arta Finance, California
Arta’s mission is to pave the way for people around the world to lead more successful financial lives. The Infrastructure team builds the backbone of this mission, from data ingestion and delivery to the user interface, research and trading services, managing people’s money and investments, and integrating external markets with various fintech services. Site Reliability Engineer In this role, you will work with SWEs to design and build highly available multicloud systems, create deployment systems and processes that allow us to quickly update systems, and create a monitoring infrastructure that provides visibility into system health and alerts. To apply, you will need six years of experience in a similar role, hands-on experience with GCP or AWS, as well as extensive experience with Linux, containerization systems like Kubernetes and Docker, and a wide variety of storage systems. Interested? Get all the details here.
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