Hiring Financial Services developers? Then you should know!
How and where is Financial Services used?
- Customer Risk Assessment: Helps in determining creditworthiness
- Algorithmic Trading: Automates trading processes
- Blockchain Technology: Secures transactions
- Personalized Financial Advice: Tailors recommendations
- Regulatory Compliance: Ensures adherence to laws
- Mobile Payments: Facilitates convenient transactions
- Digital Identity Verification: Enhances security measures
- Robo-Advisors: Provides automated investment advice
- Fraud Detection: Identifies and prevents fraudulent activities
- Insurance Claims Processing: Streamlines claim settlements
Compare Junior, Middle, Senior, and Expert/Team Lead Financial Services Developer roles
Seniority Name | Years of experience | Responsibilities and activities | Average salary (USD/year) |
---|---|---|---|
Junior | 1-3 years |
| $60,000 |
Middle | 3-5 years |
| $80,000 |
Senior | 5-8 years |
| $100,000 |
Expert/Team Lead | 8+ years |
| $120,000 |
Quick Facts about Financial Services.
- Financial Services Software Development began its journey in 1950.
- The most popular project types using this technology are banking systems and trading platforms.
- The entry threshold for mastering this technology is understanding finance and programming basics.
- The most popular related technology in this field is blockchain for secure transactions.
- Fun Fact: The first financial software, Quicken, was released in 1983 for MS-DOS.
TOP Financial Services Related Technologies
- Java (Smith, 1995)
- Python (Guido, 1991)
- C# (Microsoft, 2000)
- SQL (Chamberlin, Boyce, 1970)
- JavaScript (Netscape, 1995)
What are top Financial Services instruments and tools?
- Robinhood: Commission-free trading app, released in 2013
- Acorns: Micro-investing app, released in 2014
- Mint: Personal finance app, released in 2006
- PayPal: Online payments service, released in 1998
- Stripe: Online payment processing, released in 2010
Talk to Our Talent Expert
Our journey starts with a 30-min discovery call to explore your project challenges, technical needs and team diversity.
Maria Lapko
Global Partnership Manager