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Top Skills Required to Build a Career in the Fintech Industry

7 min read
By Balakrishnan Narayanan, Head of Analytics and Product at Fibe

The rapidly evolving landscape of financial technology or fintech has revolutionized the way we conduct financial transactions, manage investments, and even think about money. Continuing with the trend for years, financial institutions are expected to increasingly develop or adopt capabilities of machine learning and artificial intelligence.

The Fintech sector in India has witnessed funding accounting for a 14% share of Global Funding. India ranks #2 on Deal Volume. The Fintech Market Opportunity is estimated to be USD 2.1 Tn by 2030. As this dynamic industry continues to disrupt traditional finance, it presents countless opportunities for individuals seeking to forge a rewarding career path. However, navigating the world of fintech requires a specific set of skills and expertise.

 Growth Drivers

 Technological Innovation: Artificial Intelligence and Machine Learning became mainstream resulting in the quicker implementation of new business models driven.   

Financial Inclusion Initiatives: Programs such as PMJDY, DAY-NRLM, Direct Benefit Transfer, and Atal Pension Yojana, among others, have accelerated the digital revolution and made digital financial services available to more citizens, particularly in rural areas. The number of smartphone users in India is already the second highest globally, and the country is the second largest user of the internet. By 2026, there will be 1 billion Internet users. By 2026, 233 million households will have internet connections, up 46% from 160 million in 2021. 

Favourable Demographics: According to government statistics68% of India’s population is young and 55% of its population is in the age group of 20-59 (working population) in the year 2020 and is estimated to reach 56% of the total population by 2025. There will be 140 million middle-income households and 21 million high-income households in India by 2030, which will drive the growth of Indian FinTech companies.

India stack: Thanks to the digital initiatives by the government of India, open API platforms i.e., Aadhar, UPI, Bharat Bill Payments, GSTN have become a key growth driver for the fintech adoption in India.

Skills required in the fintech industry: 

  • Technical Skills: The fintech industry relies on data analysis, with a growing demand for data scientists and machine learning specialists. Proficiency in programming languages like Python, JavaScript, and React is essential for web and app development. Knowledge of big data platforms such DCas Hadoop and Apache Spark enables efficient management of large financial datasets. Decision science enables data-driven decision-making, while machine learning and AI facilitate predictive analytics and personalized financial solutions.
  • Compliance and Risk Management: Security is vital in fintech as companies handle sensitive financial data. Skilled professionals assess operational risks and develop effective management strategies. Proficiency in cybersecurity techniques, including encryption, network security, vulnerability assessment, and threat intelligence, is highly valuable. The demand for professionals capable of protecting against data breaches and ensuring secure financial transactions has surged due to the increase in cyber threats.
  • Product management: Effective product management is a must in the fintech sector. Candidates should possess strong design thinking, creative problem-solving, adaptability, and collaborative skills for this position. They can predict and create advanced financial services and products that satisfy changing consumer demands. In this fast-paced sector, coordination of teams from multiple departments and successful product launches depends on effective communication and cooperation abilities.
  • Interpersonal skills: Strong interpersonal and communication skills play a vital role in fostering a collaborative work environment that cultivates success. The key to personal growth and continuous skill development lies in multidisciplinary skill sets, as the industry is dynamic and constantly evolving. Experts analyse complex problems and devise innovative solutions, relying on their knowledge of finance and a dedicated commitment to lifelong learning.



The fintech business offers attractive job options for young people looking to make their imprint in the financial and technological world. If you want to succeed in this fast-paced industry, you must have a broad range of skills. For young people looking to start successful careers, the fintech sector offers promising opportunities. In this fast-paced industry, it is essential to have a wide range of skills, including data science and machine learning, cybersecurity, product management, and problem-solving skills. By acquiring these skills and staying current with market trends, young professionals can take advantage of the numerous opportunities available in the fintech industry.


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