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FIs Seek to Improve In-House Tech Skills Through Training & Recruitment

Almost a quarter (22%) of financial institutions feel they do not currently have the expertise in-house to implement new technology.

More tech training needed. More tech training needed. (Source: Shutterstock)

Half of U.S. financial institutions seek better in-house tech capabilities, with 70% focused on in-house training and 40% investing more in recruitment, according to research commissioned by fintech provider Fraedom.

Jonny Davis, head of regions – Americas at Fraedom, said: “We can see that there is a great opportunity for banks to partner with fintechs to address and futureproof their financial ecosystems and how they can best use the skills they have in-house. Fintechs can also help banks uncover the skills they need and how best to attract them, whether that be by recruiting or upskilling existing employees.”

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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