What does this industry cover?
PwC’s report on The Future of Banking in Australia suggests that we need to take advantage of the Asian market, so being familiar with Asian language, currencies and culture can increase your employability.
The financial services industry is no stranger to emerging technologies: FinTech is the all-inclusive term used to describe these financial technologies, and is changing the way the industry delivers its services.
Changes due to FinTech include mobile phone banking, tax self-management software, and all-in-one money management tools which utilise the Internet of Things (IoT). This technology provides the customer with complete overview of their services, and enables them with more control when it comes to their finances.
FinTech offers employees the opportunities to upskill or reskill into new roles, taking advantage of these new technologies.
Sub-sectors in the financial industry include Banking, mortgage broking, financial markets, financial planning and advice, insurance, superannuation, accounting and bookkeeping, mercantile agents, and trust administration.