How can executive managers develop Fintech skills to stay ahead?
Fintech, or financial technology, is transforming the way businesses and consumers interact with money, data, and services. As an executive manager, you need to keep up with the latest trends, innovations, and challenges in this fast-paced and dynamic sector. But how can you develop the skills and knowledge to lead your organization in the Fintech era? Here are some tips to help you stay ahead of the curve.
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🎩 Jonathan Fichman🧩 Operational Management | 🦁 Digital Product Leadership | 💰 Finance Guru | 💽 Data Analysis Expert | 🚀 Startup…
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Mustafizur Rahman RajibChief Operating Officer (COO) ll Operational Excellence I Strategic Planning I Business Growth I Marketing & Supply…
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Adebola DaramolaPhD Student | FinTech | Digital Financial Services (DFS)
Before you dive into the specifics of Fintech, you need to have a solid understanding of the core concepts, principles, and frameworks that underpin it. This includes topics such as digital payments, blockchain, artificial intelligence, data analytics, cybersecurity, and regulation. You can find online courses, books, podcasts, and blogs that cover these topics from different perspectives and levels of depth. You can also join online communities, forums, and events where you can network with other Fintech enthusiasts and experts.
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🎩 Jonathan Fichman
🧩 Operational Management | 🦁 Digital Product Leadership | 💰 Finance Guru | 💽 Data Analysis Expert | 🚀 Startup Mentor | 🏞️ Board Member | 🧑🎓 Professor | ☎️ Builder of Dreams💡
Reading publications from specific FinTech market analysts (Wall Street) is very helpful to learn current and future trends. Further, I love publications such as the Wall Street Journal to view current trends. Stay on top of LinkedIn FinTech related posts as this is a great source of information. Identify leading FinTech companies that could be startups or established companies. Follow key management and posts about what are the current trends or topics of focus. Finally, FinTech conferences are always great to attend. However, attending these conferences is not simply walking around. Be sure to speak with persons at booths and try to meet people to discuss latest trends. Overall, read, read, read.
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Adebola Daramola
PhD Student | FinTech | Digital Financial Services (DFS)
As an executive, you are self-aware of your ideal learning channel or medium. Let’s say your learning preference is to listen to podcasts or to read books/industry articles, then I will advise you to use the search engine to identify 10 top Fintech podcasts, books, authors, or recent articles. Begin your personalized learning from here. You will be amazed as you internalize your learning, you will be confident to engage, and the more engaged in relevant Fintech activities, the more skillful you can be.
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Once you have a grasp of the basics, you need to assess your own strengths and weaknesses in relation to Fintech. What are the areas that you are most interested in or curious about? What are the skills that you need to improve or acquire to perform better in your role or advance your career? You can use self-assessment tools, feedback from peers and mentors, or online quizzes to identify your gaps and set your learning goals.
There are many resources available to help you develop your Fintech skills, but not all of them are equally reliable, relevant, or engaging. You need to choose your sources carefully and critically, based on your learning objectives, preferences, and budget. You can opt for formal education programs, such as certificates, diplomas, or degrees, offered by reputable institutions or platforms. You can also explore informal learning options, such as webinars, podcasts, newsletters, or blogs, that provide timely and practical insights from industry leaders and practitioners.
The best way to learn Fintech is to apply it to real-world problems and scenarios. You can look for opportunities to use your Fintech skills in your current projects, tasks, or initiatives, or propose new ones that leverage Fintech solutions. You can also participate in hackathons, competitions, or challenges that allow you to collaborate with other Fintech enthusiasts and professionals, and showcase your creativity and innovation. You can also seek mentorship, coaching, or feedback from Fintech experts or peers who can help you improve your performance and outcomes.
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Adebola Daramola
PhD Student | FinTech | Digital Financial Services (DFS)
FinTech is fast-paced, so keeping up with the knowledge means making time to learn and do the needful. However, to develop FinTech skills, you need to be decisive about which skills to focus on. Of the many in-demand FinTech skills, you need to spend time at the grind. That is where the rubber meets the road. I need to add that in today’s world you need to learn how to get yourself to be seen (showcase your knowledge, expertise, and results). It could be by writing, volunteering, board membership, or taking adjunct teaching engagements.
Fintech is a constantly evolving and expanding field, with new developments, innovations, and challenges emerging every day. You need to keep updated with the latest news, trends, and best practices in Fintech, and be ready to adapt and learn from them. You can subscribe to Fintech newsletters, podcasts, blogs, or magazines that curate and analyze the most relevant and important information for you. You can also follow Fintech influencers, organizations, or platforms on social media, or join Fintech groups, clubs, or associations that offer regular updates and events.
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Mustafizur Rahman Rajib
Chief Operating Officer (COO) ll Operational Excellence I Strategic Planning I Business Growth I Marketing & Supply Chain l IE l Budget & Cost Control I Process Excellence I CSR l PPM I Lean Six Sigma l $ 100M turnover
To maintain a competitive edge in Fintech, executive managers should partake in industry conferences, pursue ongoing education via advanced online courses, cultivate strategic collaborations with Fintech experts, and instill a culture of vigilance within their teams to stay abreast of cutting-edge technologies and trends in the financial technology domain.
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