Do we need to focus on tech in finance? Devs say yes
Programmers who possess acute business knowledge in the finance sector were once a rare breed, but the spotlight still needs to shine brighter in order for the industry to grow and thrive.
After the recent success of JAX Finance, one thing became clear – developers in attendance couldn’t figure out why there wasn’t a greater spotlight on IT in the financial sector. Why aren’t companies trying to highlight the important work that developers are doing in order to innovate, drive and progress in this area?
Talking the talk
Speaking with programmers in London, who came from all around the globe to attend, it seemed that until recently many didn’t label themselves as “FinTech Developers”. Many of the speakers in attendance had all been involved in the finance industry for many years, yet hadn’t presented at a conference dedicated to tech and finance combined.
It was this gap in focus that most devs wanted to talk about when giving feedback. Marcus Gründler, Head of Application Development at Aixigo, had said that Peter Lawrey’s sessions on low latency and determinism were exactly what he needed to hear in order to tackle the work that his company was currently engaging in.
For Mennat Mokhtar, IT Manager and System Administrator at Emirates Reit, the long flight from Dubai to London was worth it to attend a conference that addressed finance technology outside of proprietary banking systems. She was also pleased to hear about the industry’s move towards open source, which was championed by speakers such as Pieter Hintjens and Christian Gross.
The culture around open source has been harder to adopt in the financial IT space, but this is slowly changing. Gross swears by it, and while he often comes up against some hard-to-sway finance clients, he’s not exactly out of work. Mokhtar states that her company exclusively uses open source for its community aspect, with the notion of information sharing important in order to better improve the product and its use.
Networking was also brought up as a valuable takeaway from the conference, with devs working in the same fields able to connect and educate one another. With a rise in developers identifying themselves as being involved solely in finance, their business knowledge on top of their programming skills are a handy currency in the networking game.
Here at JAXenter we echo the sentiments expressed by our conference attendees that think tech in finance needs a bigger platform. The more we’re talking about it, the more the industry can grow. If any programmers out there are currently working in the finance IT space, we would love to hear what you’re up to.