London 15 July 2021 – On the 12th of July CFTE’s Co-founder, Huy Nguyen Trieu joined on of the largest Fintech conferences in the UK – The Fintech Week London 2021. He was joined by leading speakers from EY Foundation, the Fintech & Payments Club, Headcount, and Futureproof Pro, as he took the stage in a panel discussion on “How To Win The War For Fintech Talent”. The discussion was aptly set in a time where attracting, nurturing, and retaining talent in the Fintech industry as hard as planning a company’s technological strategy.
If you’re in Fintech, it comes as no surprise that finding the right talent and people that fit into your company’s workforce is no easy task. The people aspect of a technologically driven company is as important as the technology itself. But this highly competitive industry is also a talent-scarce one, where few have the skills to thrive in Fintech.
To address a multitude of questions that HR professionals, Fintech Founders and CEOs are asking today – from ‘how can companies attract, engage, and retain talent’ to ‘how can we sustainably grow as a company, while also helping employees and society grow as a whole’ – CFTE’s Co-founder, Huy Nguyen Trieu joined in a panel discussion to tackle “How To Win The War For Fintech Talent” during Fintech Week London 2021.
The Fintech Week London event in is one of the biggest fintech conferences in the UK, where traditional financial institutions come together with new Fintechs. From high-street banks to challengers, technology giants to disruptors, the five-day event is an opportunity to understand the global themes of fintech, with sessions available both in-person and virtually. As a part of the panel discussion hosted as during the event on “How To Win The War For Fintech Talent” the final panelists who took the stage included:
- James Sherwin-Smith (Founder, Fintech & Payments Club)
- Neill Butcher (Founder, Headcount)
- Kathryn Eastwood (Acting Head of Business Development, EY Foundation)
- Alan Walsh (Non-Executive Director, Futureproof Pro)
- Huy Nguyen Trieu (Co-founder, CFTE)
Huy Nguyen Trieu at Fintech Week London 2021
The panel discussion was held on Monday afternoon, 12th of July, at Barclays Rise, London with James Sherwin-Smith, Founder, Fintech & Payments Club, moderating the discussion. A lot of thought-provoking ideas and perspectives were shared as the panel navigated the arena of attracting, developing, and retaining talent in the Fintech sector which is not as straightforward a process as it may seem. Huy Nguyen Trieu, CFTE’s Co-founder highlighted that the problem is not about lack of people. Talent is available in abundance, but the real issue is that there is a skills mismatch.
Kathryn Eastwood, Acting Head of Business Development, EY Foundation, shed light on the element of attracting the right talent by proposing that the perspective around fintech needs to be remodeled. People need to be introduced to the concept of Fintech at a young age so they can see it as a viable career path in the future – This is something that’s missing today.
Another looming issue in the industry is that while money is poured into technological advancements, the same proportion is not invested into upskilling talent. Huy states that Banks spend $5 billion on tech but only 1% of this hefty amount is spent on employee development. It’s important to strike a balance between the two.
As the discussion steered towards retaining talent, the panel unanimously agreed that the scenario today is far from being about chaining someone down to one company, but rather about how the industry as a whole can collaboratively help develop talent and give them the bandwidth to grow. James Sherwin-Smith, Founder, Fintech & Payments Club, states that an employee retention strategy must be focused on helping people rise, and not on controlling them.
The session ended with the panelists leaving with a renewed perspective on the prevailing war for the right Fintech talent. It gave the audience a better idea of how Fintech talent needs to be nurtured and fostered to thrive in a world of new rapidly evolving skills and things may be quite the opposite of war but an era that calls for an alliance to help society sustainably develop together.
CFTE is a global knowledge platform in digital finance that aims to liberalise education by making learning about the biggest technologies and trends in finance accessible to anyone. We help people build skills to transform their career with courses that go beyond traditional learning. At CFTE you can learn from those steering the biggest developments in the financial sphere – from global CEOs to disruptive entrepreneurs hailing from Starling Bank, UBS, Mastercard, IBM and other large institutions. To help meet every learner’s goals, CFTE offers Specialisations to get certified in any area of digital finance as well as continuous learning material to stay on top of the latest trends in digital finance 365 days a year on THINK. From beginner to master, at CFTE there is something for everyone.
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