What is fintech and why is it important for businesses
Fintech, or in a broader sense, financial technology is the new buzzword with businesses that are using these services to improve and automate their finance-related procedures. For example, mobile banking, investment, and stock apps, cryptocurrency--all fall under fintech.
Fintech is important for businesses as it has changed how companies do business. With fintech, setting up a business has never been easier and less expensive. From mobile payments to crowdsourcing, fintech helps businesses with almost anything finance-related.
Fintech designers - what do they do and what types of projects do they undertake
Fintech designers mainly focus on using the latest tech trends into designing programs, mobile apps or any sort of digital product that make finance more secure, simple, and approachable by the common man. Whether it is digital wallets, stock investment, digital payments, or online bankings - users today can use digital platforms to meet most of their financial needs easily and effectively. Building these digital platforms - designing their user interface and user experience is what fintech designers focus most on.
How to hire fintech designers
There are various platforms where you can hire fintech product designers. Your choice will primarily depend on the kind of project and budget you have. Freelance marketplaces are a great option if you need to start your project fast. You will find designers with all levels of experience and at different rates. Hiring a full-time fintech designer is an option if you would like to continue with the design process once the project is finished.
Requirements for hiring a fintech designer
Some basic requirements to consider before hiring a fintech designer include:
- Understanding business and project requirements
- Analyzing and understanding the target segment
- Staying up-to-date with the latest industry trends
- Conducting in-depth user research before suggesting solutions
- Developing information architecture
- Prototyping solutions and design experiences
- Being able to work with developers and product managers on an agile methodology system
- Testing the program/app for bugs and improvements
- Strong communication and collaboration skills
- Design skills such as ui design, ux design, product design, visual design
Average salary of fintech designer
Fintech designer salaries are typically determined by education, years of experience, location, and organization type. As of 2021, the average base salary of an entry-level UX/UI designer in fintech is around $96,604. The average base salary of a senior-level UX/UI designer in fintech is around $124,040.
Top 15 sites to find and hire fintech designers
Listed below are 15 sites to hire fintech designers for your next project.
Toptal started as a tech talent matching service. It had a distinctive approach compared to other platforms wherein only the top, high-quality, and seasoned professionals were allowed to be on the platform. According to the platform, only 3 percent of applicants make it through their technical tests and their thorough vetting process
It’s for this reason why some of the top brands in the world such as JPMorgan, Zendesk, and Airbnb look for talent at Toptal. The platform encourages the learning, ethical values, and professionalism of its employees.
If you’re looking for fintech designers of top-quality then Toptal is one of your best bets.
Fiverr gets its name from its core idea—every gig starts at $5. While this was the case a couple of years ago, today, Fiverr has grown from people paying $5 to hundreds of dollars to find professional fintech designers. You can search for fintech designers on the platform and check out all the profiles. Each individual has a rating and comments that add to their credibility and makes it easier for you to make an informed decision.
Upwork is one of the largest freelance platforms offering over 12 million professionals for you to browse and choose from. The platform has more than 5 million clients competing for more than 3 million jobs a year.
If you have the time and want to look at a wide variety of fintech designers to choose from, then Upwork may be a good option for you. The platform shares the individual’s job success rating and the hourly rate for you to find the perfect fit.
As a platform, Guru’s mission is to connect employers and freelancers both locally and globally. If you’re looking for a fintech designer based in a specific location, then you can post a region-specific job on this platform.
The profiles of professionals on Guru showcase their experience and expertise making it convenient for you to choose. Their dashboard allows easy communication and you can manage your project by sharing files, payment deals, and more on the platform itself.
Dice is another platform that specializes in tech talent and connects businesses looking for tech-related services to the right candidates. This makes the chances of you finding a seasoned fintech designer for your project on this platform are high. It’s a great choice for businesses that are looking for any kind of tech support or expertise.
If you’re looking for someone long-term, then Hubstaff Talent is your platform. It boasts of freelancers from around the world. To find a fintech designer on this platform you must review the available profiles and get in touch with the individual you want to work with. Unlike other platforms, here the professionals don’t bid on your project.
Simply Hired is another large job board that posts millions of jobs listing daily. The platform operates job search engines in 24 countries and 12 languages.
Simply Hired collects job listings from across the web including job boards, niche job platforms, company career pages, and more, and shares them on its platform. The site also offers other useful resources such as a hiring guide and salary recommendations.
Upstack helps you hire a great fintech designer and also helps in retaining and nurturing them for the long term.
To find someone, you start by getting in touch with one of Upstack’s dedicated account managers to discuss your project and expectations. They connect you with the right candidate and you can get started risk-free. It offers a 14-day free trial too.
Stack Overflow is an open community for developers and designers. Here, you can find a fintech designer through quality listings based on experience, location, hourly rate, and more. It also has a public Q&A feature that helps you access answers to more than 16.5 million questions and give back by sharing your knowledge with others in the industry. Using their Talent Solutions resource, you can hire the perfect fintech designer for your project.
If you’re looking for someone based in India, Borderless Mind is a great bet. The platform has a rigorous vetting process that gives you access to the top 5 percent of talent with a hoard of frameworks, technologies, software development languages, experiences, and skills. The process of finding a fintech designer is simple—you select the desired skill, fill out a form, interview the candidate, and start your project.
Technical roles can be challenging to find but Hired boasts a massive 60 percent positive response rate. The platform has helped companies save almost 45 sourcing hours for each role. To find someone here, you create a position highlighting the skills and experience you need. The platform will then connect you with the right candidates whom you can interview and get started.
PeoplePerHour has an advanced AI system that does the work of finding the right candidate for you. You have to fill out a form with all the details to ensure you get the best candidates. The fintech designers respond to your posting with their proposals that you can review and once you like something, you pay a small deposit and get started. You can use their “Offers” feature to test out the candidate and build lasting relationships with them.
Gigster is a tech-focused marketplace that serves as a bridge between designers and companies. Here, you’ll get a chance to work with the ranks of professionals who’ve experience working in tech companies. Some of the individuals listed on the website are startup founders while many flaunt academic degrees from schools such as MIT and Stanford. Some of them have even won awards from Apple for their creations.
Topcoder is a global, crowdsourcing platform for designers and developers. It started as a community for coders whose expertise was algorithms. But today it is a global technology community. Topcoder makes your project globally visible to its base, so you get solutions from candidates across the globe on how to best execute your project.
How to choose the right fintech designers
There are a bunch of things to consider when trying to find and hire designers that can work on your project. You need to see how much time and effort you can dedicate to hiring. If you’re looking for a matching service with guaranteed high quality, Toptal may be a good bet. Other platforms can also offer you a good hiring solution but more time and dedication will be needed to find that perfect designer for your fintech project. Here are a few things to keep in mind when choosing the right fintech designers:
- What is the budget of your project
- What qualifications/experience do you need
- What are the reviews of the platform