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Growing Regulatory Demands Drive Need for Experienced Fintech Leaders

April 15, 2024

Growing Regulatory Demands Drive Need for Experienced Fintech Leaders

The fintech industry is experiencing a surge in demand for seasoned professionals capable of steering companies through increased regulatory requirements while driving growth. Rajiv Krishnan, MD and CEO of Ma Foi Strategic Consultants, highlights that regulations and compliance standards are intensifying, particularly as companies eye public listings, inviting greater scrutiny from regulators.

Startups in their early stages are bolstering regulatory and legal teams to ensure strict adherence to laws, according to Pranshu Upadhyay, Regional Director at Michael Page. Krishnan emphasizes the unique challenges presented by the convergence of finance and technology, with leaders needing robust tech acumen across cybersecurity, blockchain, and artificial intelligence (AI). Shantanu Rooj, Founder and CEO of TeamLease Edtech, notes the critical need for senior leaders well-versed in technology and adept at navigating complex regulations to ensure sustainable growth in a rapidly evolving market.

Rooj stresses the importance of upskilling and reskilling in the face of fintech’s swift advancement, echoing the sentiments of Somdutta Singh, Founder and CEO of Assiduus Global Inc. Singh highlights the growing demand for directors possessing both traditional finance expertise and cutting-edge tech knowledge.

The landscape calls for professionals who excel in customer engagement, innovation, and regulatory compliance. Strong interpersonal skills such as adaptability and strategic thinking are equally important.

According to Upadhyay, there’s a renewed focus from founders on middle-level hiring, with an emphasis on candidates boasting 6-7 years of experience in the sector.

In summary, fintech companies are increasingly seeking leaders who can not only drive technological innovation but also foster a culture of governance, cybersecurity, and regulatory compliance. Continuous learning and adaptation to the evolving demands of the industry are essential for professionals aiming to excel in this dynamic field.

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