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In the coming years, the cash flow is deemed to be obsolete as we approach another digital disruption. The last few years have reduced people’s thinking about how a physical transaction can be completely taken over by digital ones in Africa. With the advent of smartphones for mobile banking, cryptocurrency, and its likes, to make financial services more accessible to the general public, it has also opened gates for new career options, in Fintech. Fintech has used technology to its fullest in improving finance from the existing financial companies across the African continent.

It has given an automated space for investment, trading, banking services, risk management, alongside a vast pool of real-time platforms for new and upcoming aspirational bankers.

The figure is that Fintech start-ups companies have $5 billion in investments across Africa. Hitting a record by escalating more than double from $1.35 billion investment in Africa, it witnessed an accelerating financial inclusion in the Sub Saharan region. 

Known for its innovations, creative work culture, fintech offices are known for a more productive space, using state of the art technologies like Big data, Blockchain, Artificial Intelligence (AI), Robotic Process Automation (RPA). These technologies, from what we know, are the future of the world, not replacing the workforce but changing it.

Transitioning forces of digitalization have altered and matured the banking industry to cause a stir in its employment potential. The dawn of the likes of digital disruption viz fintech, blockchain has opened new gates for career planning for aspirational bankers in the upcoming years. As permanent as a change is defined in the digital world as digital disruption, it paves for growth and we reap its benefits. Mushrooming on digitalization, the finance sector is the most susceptible to changes, both as an industry and workforce, as by nature finance is based on information. Long gone are the days when Information, data were physically available, it has culminated in the digital space and technology only holds the key to its access. 

With the rapid employment of these technologies and Fintech in general, not only have both private and government sectors adopted them but, we have seen a major rise in fintech start-ups recently. 

Traditional banking careers are taking a downhill turn in the light of customers preferring mobile banking, online trading, opting for internet services. This paradigm shift has made aspirational bankers opt for understanding technology, look for prosperous career options, and even be the agonist of start-ups. Offering dynamic positions, revolutionized services in the finest of organizations and start-ups. With your existing skills and education, not being a hindrance to the evolution, existing or even aspiring bankers, companies have a high chance of being successful in this new domain.

What is crucial to be determined is the plan a fintech company works with and what enterprising policies, technology, and culture have they inculcated for bankers to keep their trust in their new career path. Existing ones can easily approach the start-ups for financial solutions meeting the newest technologies of fintech. With smartphones changing the outlook of consumers, making them glued to mobile services, and vulnerable to information leaks, fintech offers a myriad of solutions to Africa in this domain too.

It can only be imagined the rate and convenience at which people have adopted it, and with this, fraudulent activities are on the rise. Dealing with the challenging environment technology has come, Fintech, with its risk assessment and solution-based approach, is here to stay. It might seem like a task to shift or draw a new career path into fintech, with the way it has changed the landscape of the finance industry, but the transition is seamless with its adoptive and inviting methodology. 

The evolved ecosystem from traditional financial methods to fintech has given career opportunities an intuitive approach to early-stage future envisioning choices in the African continent. While it is a threatening aspect for some that this transition will narrow employment, others are making an opportunity out of it for a Fintech career, a more technologically advanced industry. Africa is reaching a platform where smartphones, the internet will be household even in the remotest of places, and technology will not only reach those mobile locations but thrive the most.

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