Introduction

The financial technology, or FinTech industry transforms the financial services constantly. And, since almost nothing has been left from the traditional banking method, there is an increase in the demand for financial software developers. Should you hire financial software developers?

Today, there is high demand for FinTech app developers who could build an advanced and fascinating digital platform. Financial technology offers greater convenience, lower costs, and faster transaction rate compared to offline methods. Thus, brands look for fintech software developers who could create solutions to reap the most benefits.

Companies that aim to deliver a reliable tool that meets client needs, boost sales as well as user loyalty face a huge challenge in finding the right people for the job. So, how do you hire financial software developers in 2022?

Hire Financial Software Developers—what You Should Know

  1. Fintech Recruiting Companies

If you have not time to vet applications, then consider sourcing fintech talent via recruiting firms. These firms will take care of all the hard work for you. They will gather your objectives and business goals, make an adequate recruitment strategy, and implement it to:

-      Approach prospects via their database, social media, and cold-calling

-      Vet and screen prospective developers

-      Set up interviews between the candidates and your company

-      Perform background checks for the chosen vendors

-      Provide support with candidate onboarding

  1. Freelancers

For short-term projects where you only require hiring one or two fintech developers, try freelance job boards, such as Upwork, Freelancer, and so on. Freelancers don’t require insurance, benefits, or workspaces, thus, they’re a great choice for a startup with limited resources. Rather than paying developers by the hour, they can be compensated for tasks completed, which could lessen your expenses considerably.

With freelancers, you could realise a savings from 30 to 50 percent. You will, however, have to do the interviews, request for samples, as well as other time-consuming tasks. When considering hiring freelancers, keep in mind to:

-      Check the freelancer’s rating

-      Be wary of fake accounts

-      Form a vetting process

  1. Outsourcing Companies

In the United States, salaries for fintech software developers could be very high. To cut on costs, consider outsourcing and hiring fintech engineers from other parts of the world, including Eastern and Central Europe, South Asia, and Latin America.

Outsourcing companies could help you find talent by:

-      Pre-screening ready-for-employment candidates

-      Assigning IT and HR support to you

-      Handling routine support processes

-      Build an overseas workforce that fits your brand and technology

-      Scale outsourcing as per requirement

  1. Talent Platforms

Another highly effective way to hire software developers in 2022 is talent platforms. These are self-service applications, which empower employers as well as job seekers to find each other. They will, for the most part, work like job boards.

Some platforms even have pre-vet workers for a particular set of skills as well as competencies before allowing them to join, thus employers need not spend so much time sifting through resumes.

Conclusion

Hiring the best fintech software developer could be a challenge, with so many factors to take into consideration. The best way to get started is to hire a developer that possesses the expertise and experience you are looking for to meet your fintech software needs.