FinTech Training & Classes for Employees: Review Corporate Training Options

FinTech, also known as Financial Technology, refers to financial services delivered and utilized by using technology, including digital payments, cryptocurrency, and peer-to-peer (P2P) lending. Corporations benefit from employees skilled in FinTech because they help the company keep up with industry trends, identify cost-saving opportunities, and their knowledge can help facilitate relationships with other companies. Corporate training in FinTech will introduce employees to concepts like data science, financial modeling, risk assessment, and user research. Read on to learn about what to consider when looking for corporate FinTech training options and to learn about the options that are available for onsite and online training.

What is FinTech?

FinTech is the convergence of financial services and technology. FinTech includes software aimed at delivering financial services and processes to consumers in a way that’s faster and more secure than previously possible. FinTech aims to make everyday financial decisions more efficient while innovating how people make financial transactions through applications or websites. Additionally, FinTech makes use of data analysis and applies it to the creation of FinTech software to ensure the innovation of efficient, secure, and easy-to-use solutions. 

The advent of FinTech dates back to the 1950s and 1960s, with the popularization of credit cards and electronic payment systems in the US. The FinTech industry of today has greatly evolved from what it once was alongside technology and the country’s economic growth. By the late 20th century, the landscape of FinTech had significantly altered, and today, the industry continues to evolve by leaps and bounds, with the advancement of regulatory systems and the development of contemporary technology. 

What Can You Do with FinTech Skills?

Career paths associated with FinTech offer individuals with a broad range of skills entry into the industry. Within FinTech, you’ll find Data Scientists, Software Engineers, Financial Analysts, Product Managers, and even Customer Service Representatives. 

Data Scientist

Data Scientists work with large sets of data which they analyze to help their company or client make business decisions. You can find Data Scientists working for the government, non-profits, financial services organizations, and other businesses. In the FinTech industry, Data Scientists navigate and manipulate financial data which is then used to make financial decisions. They may use data to predict risk, to evaluate investments, or to estimate the valuation of a company. 

Data Scientists must have analytical minds and excellent communication skills. Most companies expect them to have proficiency in languages such as R, SQL, and Python, file management, machine learning and algorithms, linear algebra, calculus, and statistics. An aspiring Data Scientist should consider earning a bachelor’s degree in mathematics or data science, or they can enroll in a data science bootcamp or certificate course such as the ones offered by Noble Desktop and similar training centers.

Software Engineer

Software Engineers develop software used for a variety of purposes, from gaming to operating systems, for companies or clients. Software Engineers need an understanding of several coding languages and know how to use frameworks, libraries, and developer tools. They often specialize in specific languages depending on the industry they work in. Coding languages frequently used by Software Engineers include Java, CSS, C++, and HTML. In addition to technical knowledge, a Software Engineer must possess other skills like problem-solving, critical thinking, process analysis, and communication. 

Software Engineers in the FinTech industry develop and maintain financial services software. Should you dive into a career as a Software Engineer, you may find yourself developing financial applications to facilitate transactions or manage data, building payment systems like mobile payment apps and online banking platforms, or predicting trends and detecting fraud with the use of data analytics and machine learning techniques. 

Financial Analyst

With their knowledge of business, finance, or accounting, Financial Analysts analyze data and make investment recommendations for their company or clients. They pay close attention to business and economic trends and manage this financial data to facilitate the decision-making process. Financial Analysts often specialize in a specific field, be it investment banking, equity, financial planning and analysis, or corporate development. They must have knowledge of industry jargon, understand how to manipulate and analyze financial data, and have the ability to communicate their findings with leadership. 

Financial Analysts in the FinTech industry provide key insights to help businesses make strategic financial decisions. Through their thorough analysis of financial data, they can ensure that their company or client makes logical and data-backed decisions. Financial Analysts interested in consumer behavior can lend their expertise to analyzing consumer behavior and feedback and offering recommendations to other teams on how to improve customer experience. 

Product Manager

Product Managers help develop business and development strategies for their company that will contribute to the success of a specific product or set of products produced by the company. This may include overseeing market analysis and product ideation. When working in the FinTech industry, Product Managers must use their market research skills to discern consumer trends and ensure that products meet customer experience expectations while staying up-to-date with the constantly innovating industry. They also work with stakeholders to ensure the alignment of priorities across departments and develop a clear vision for the product. 

Customer Service Representative

Like any business, FinTech companies depend on making their customers happy to maintain their business. Customer Service Representatives act as a bridge between consumers and the company, playing an integral part in representing the brand of the company and resolving customer concerns. They routinely handle transactions, educate consumers on how to use products correctly, and resolve consumer complaints. Their knowledge of the products and services in question is paramount, as many Customer Service Representatives provide technical support for a number of issues, including login problems, software glitches, and payment failures.

Benefits of FinTech Corporate Training

Training employees in FinTech can help a company keep up with industry trends. FinTech is transforming financial services through the innovation of new systems aimed at making transactions more efficient and secure. Employees trained in FinTech will gather an understanding of how FinTech has shaped their field and how it may do so in the future. Implementing FinTech products can also help the company stay in touch with evolving industries. 

FinTech solutions often reduce costs through automation and digitization. Companies looking to integrate FinTech tools and services should first pursue FinTec training for their employees to ensure that they know how to find and utilize solutions that can help the company save costs and work toward greater efficiency. This may come in the form of learning how to create financial models or understanding consumer experience and how it may differ from what the company is currently achieving. 

Companies looking to develop a relationship with a FinTech company can benefit from providing employees with FinTech training. FinTech companies, especially startups, often look to collaborate with other companies, particularly in the finance, technology, and healthcare industries. Employees who understand their own field and finance can help facilitate collaboration to the benefit of the company.

Who Benefits Most from FinTech Corporate Training?

Aside from the financial and technology industries which have a direct connection to the FinTech industry, the healthcare and retail industries also benefit from corporate training in FinTech. The healthcare industry increasingly relies on FinTech solutions to save money, operate more efficiently, improve patient outcomes, and make healthcare services more accessible. FinTech companies help achieve these goals through mobile payment apps, online patient portals, and telehealth solutions. Meanwhile, the retail industry benefits from the broadened audience of potential consumers that FinTech has brought with it. As FinTech companies develop more accessible and secure payment methods, ecommerce has expanded, with consumers more easily able to purchase products online and from overseas. Overall, companies with an interest in optimizing financial services have seen benefits to employees trained in and knowledgeable of FinTech. 

New Skills or Upskilling?

Corporations interested in pursuing FinTech training for their employees should select a small group of well-trained employees that they would like to oversee the involvement of FinTech in the workplace. FinTech solutions like the creation of payment platforms and mobile applications, financial modeling, and user experience are specialized topics. It’s best for employees to learn these topics in small-group settings where they can ask questions, receive feedback on projects or assignments, and work closely with others. 

Lessons on some FinTech-related skills, like project management or customer service, translate well in large-group settings. Such topics would require employees to do much listening, whereas more specialized topics like Python modeling and learning SQL require hands-on work. If your corporation would like technically skilled employees, it’s recommended to enroll them in small, specialized classes. If your employees need to know how to troubleshoot problems with FinTech products or to learn about managing projects with FinTech tools, they may benefit from large training seminars. 

Onsite or Online?

Corporate FinTech training is offered in onsite and online formats. The option you choose for your team will depend on your location, the depth of the curriculum, and the schedules of your employees. 

Onsite training takes place in your office. An instructor will travel to the workplace and teach employees in person. This training method is especially helpful for learners who want in-depth demonstrations and the ability to speak directly with an instructor. Onsite training is also convenient for employees who can attend classes at work rather than commuting to them. Depending on your location, training centers may or may not accommodate onsite training requests. 

Training centers also offer online training classes which take place in a virtual classroom. The instructor will cover the same curriculum as an onsite training class but will teach over a web conferencing platform. It’s important to schedule these classes when your employees can attend, as they might take place at any point during the week. Online training may prove difficult for some employees if they have no prior experience taking online classes. If choosing this training option, make sure that all employees have access to the materials needed, including computer access. 

Training Options for Employees

Noble Desktop offers a variety of onsite and online corporate training classes covering Python for finance, data science, and data analytics, including bootcamps and short-form classes. If your employees have no prior experience using Python, Noble’s Python in a Day and Intro to Python Programming will introduce them to the language. From there, Noble offers advanced-level Python for finance classes and bootcamps. Algorithmic Trading with Python will teach them how to build automated reading strategies and work with machine learning while Python for Finance Bootcamp and Machine Learning & Automaton for Finance provide comprehensive lessons in using Python’s financial libraries and building financial models. 

In the realm of data science, Noble Desktop offers corporate training in SQL and Python. Their SQL Server Bootcamp is open to beginners and teaches students how to extract information from databases and write SQL queries. The Data Science Certificate program also covers SQL querying. If you’d like your team to learn about the process behind making data-driven decisions, look into Noble’s Python for Data Science Bootcamp. 

Finally, Noble Desktop offers data analytics training for teams that will cover skills that can help them utilize FinTech services and even simply help them with everyday office work. Classes cover topics like Excel, SQL, Tableau, Power BI, and Python. Most of Noble’s Data Analytics classes run on the short side, ranging from 6-12 hours, whereas the bootcamps typically range from 18 hours and longer. In SQL Level 1, students will learn about the fundamentals of SQL and learn about writing queries. From there, if your team needs further training, you can enroll them in the intermediate and advanced-level SQL courses, or transition them into Python and Python for finance classes.

Supplemental Training Options

Noble Desktop offers live online and onsite training wherein students will learn under the guidance of live instruction. You have the option of customizing the curriculum or choosing from existing courses. If onsite training is not an option and employees need to train outside of business hours, your company can order vouchers in bulk at a discount. You’ll then choose which courses employees can take and they then choose their own schedule. Companies located in or near NYC also have the option for private training at Noble Desktop’s Midtown Manhattan location. For more information about Noble Desktop’s corporate training option, send an email to hello@nobledesktop.com or send an inquiry on Noble Desktop’s website.