Hire Fintech Developers In 2022 – A BairesDev Guide

Finance + Tech: Better Banking, Better Services

Fintech is booming. The industry, which refers to the use of a range of technologies in the financial sector, has grown enormously in the past several years. From mobile banking apps to payment gateways, there is a vast array of opportunities.

There’s also a lot of competition. According to Statista, there were 10,605 fintech startups in the Americas in February 2021. Given how few startups ultimately succeed, it’s critical to hire fintech developers to make sure your fintech business grows and thrives. 

Where do you find fintech experts? Are there some best sites to hire fintech developers? How do you look? Here’s how to start your search.

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    Hiring Guide

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    Fintech Interview Questions

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    Job Description

All About Fintech

Fintech describes the application of technology in finance. It encompasses a huge number of services, products, and tools, including cryptocurrency, crowdfunding, insurance, lending, mobile banking, payment gateways, and much more. As the sector grows, it gives rise to more innovations.

Examples of fintech companies and products are:

  • Avant
  • Braintree
  • Bitcoin
  • Credit Karma
  • Digit
  • Paypal
  • Personal Capital
  • Pitchbook
  • Robinhood
  • Spring Labs
  • Square
  • Venmo

What Do Fintech Developers Do?

Fintech developers are software developers who specialize in building financial products. These in-demand professionals create the platforms businesses use to conduct their activities and provide their services. 

Types of Companies and Businesses

Fintech isn’t limited to banking and other financial institutions. There are many types of businesses and organizations that benefit from these innovations. While financial institutions, such as banks and investment firms, are the most obvious types of companies that leverage fintech solutions, others include:

  • Government agencies
  • Retail stores and businesses
  • Tech companies of all sizes

Trends in Fintech

There are some new trends in fintech, as well as new applications for established technologies. For example, there has recently been an emphasis on accessibility, reaching underserved populations, and financial literacy. Robo-advisors are one example of a fintech solution that helps people who may not be able to have access to a financial advisor manage their finances and investments. 

Meanwhile, autonomous finance uses AI and other tools to personalize and automate the banking experience. Other current trends include:

  • Contactless payment
  • Digital-only banking
  • More applications of blockchain
  • Open banking
  • P2P lending
  • Regtech

Explain fintech in a nutshell.

Fintech is the intersection between finance and technology. It often applies to software that is used to facilitate more efficient, convenient, and all-around superior transactions and other actions in the finance sector, from personal banking to lending to investment advising. 

But fintech isn’t limited to software. It describes a range of innovative technologies used in finance, apart from more traditional banking methods. These technologies often automate processes that previously had to be conducted manually, sometimes in person, while making them quicker and more streamlined.

What is autonomous finance and why is it important?

Autonomous finance leverages artificial intelligence and machine learning to provide more efficient, less complex means of helping people manage their money. The process is automated, and the tools used to facilitate autonomous finance make the experience more personalized by pinpointing consumer behaviors, actions, and preferences. Ultimately, it helps these consumers manage their money in easier, more accessible ways.

How does blockchain fit into fintech?

Blockchain is an important tool in fintech. The digital ledger technology is best known as being the power behind cryptocurrency, but its applications extend far beyond Bitcoin and other cryptocurrencies. For example, it’s used in payment processing and smart contracts.

Because the ledger is immutable and decentralized, it’s both more efficient and more secure for users and businesses alike. It also makes for more transparent transactions, critical for transferring money and information in a number of cases, such as government records.

List different categories of fintech services.

Fintech encompasses a number of different services and innovations. Some broad, major categories include:

  • B2B banking
  • B2C banking
  • Cryptocurrency
  • Digital lending
  • Insurance solutions
  • Mobile banking and personal finance
  • Robo-advising
  • Smart contracts
  • Trading

Describe some major fintech technologies.

Fintech leverages a number of widely-used technologies. Some examples are AI, big data, and blockchain. It also utilizes regulatory technology, or regtech, which automates and manages compliance and regulation within the financial sector by using technology. Biometrics, which uses physical traits to verify identity, has also gained traction in fintech.

We are a growing fintech business looking for a full-stack developer to design and build financial technology solutions. You will be tasked with overseeing, creating, and testing robust, high-quality products, including systems and applications. 

You should have experience working in the fintech sector, as well as a background in creating secure products in several niches, such as cloud-based technologies


  • Research and conceptualize new product ideas in the finance sector
  • Leverage cybersecurity principles to ensure technologies are safe and secure
  • Collaborate with team members to deliver functional, secure, quality products
  • Collaborate with clients to understand and successfully apply requirements
  • Work in a DevOps environment
  • Unit test all software
  • Document requirements and efforts
  • Build a wide range of products, including eCommerce platforms, IoT solutions, banking applications, and more

Skills And Qualifications

  • At least 3 years experience working in fintech
  • At least 6 years experience in software development
  • Experience with Java, C++, C#, Swift, JavaScript, HTML, CSS, PHP, R, and ETL
  • Knowledge of cybersecurity
  • Analytical, problem-solving, critical thinking, interpersonal, and verbal and written communication skills
  • Strong attention to detail
  • Experience with full-stack development, including both front- and back-end architecture
  • Ability to test code
  • Cross-platform development skills
  • Experience with database technologies
  • Ability to collaborate with UX/UI designers to build interfaces
  • Basic and advanced fintech developer skills
  • Bachelor’s degree in computer science or a related field

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