| THE FUTURE OF FINTECH
By Lango Deen
ldeen@ccgmag.com
By Terrence Dove |
editors@ccgmag.com
But each of the companies I’ve joined has been built on a technology platform as the foundation of the business. In the case of commodity trading markets, that technology has profoundly and fundamentally changed the fi eld. Exchanges, just one facet of fi nancial companies, are essentially technology companies now.
“Trading commodities has changed vastly over the past 15 years. The iconic ideas and images of traders standing around fl ashing hand signs at each other is a thing of the past. Technology has drastically changed the qualifi cations needed to fi nd the most effective ways to trade. Now the qualifying question is, ‘Can you come up with the best algorithm to trade?’ If you can write code now, you can trade.”
Existing Challenges
Although advancements in the FINTECH sector are making signifi cant strides for STEM professionals, there are several key challenges that still exist for new professionals and people of color. Larger cultural challenges, such as the imbalance of minority women in the fi nancial technology industry, have been pervasive in the FINTECH industry for years. But Kellee hopes that more dialogue about the situation will bring about change.
“The potential is there, and I hope that changes, but the numbers haven’t shifted nearly enough,
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especially with people of color. I don’t see the situation balancing out right now, but being able to talk about the imbalance is a good thing.
“Many things have to change,” she continued. “We have to raise awareness and get more women of color into the fi eld. Addressing the ‘pipeline problem’ will be key. At the same time, it won’t help to get people through the pipeline only to have them chewed up and spit out at the end. Change must happen in FINTECH companies in the way of addressing the very real hurdles of conscious and unconscious biases put in front of people of color. With every step, there are barriers for minorities that white males don’t face or either face to a lesser degree,
Technology has drastically changed the qualifi cations needed to fi nd the most effective ways to trade.
and we have to formally and directly engage companies about that problem.”
2018 and Beyond The fi nancial industry will continue to evolve as customer preferences and technology drive change in corporate sectors. But this is a good
HISPANIC ENGINEER & Information Technology | SPRING 2018 41 thing, Kellee believes.
“My hope is that the entrepreneurs and technologists in the FINTECH sector will continue to focus on the problems that truly matter in people’s lives. There’s no reason why the FINTECH industry can’t continue to become more multidisciplinary. I believe the sector can and will be a way to enable solutions for all sorts of critical areas, from the environment to housing and energy. Finance can help capital fi nd its highest and best use, and technology
can fi nd new ways to do it.” HE
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