{"id":12669,"date":"2019-04-24T18:52:41","date_gmt":"2019-04-24T18:52:41","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12669"},"modified":"2019-04-24T18:52:41","modified_gmt":"2019-04-24T18:52:41","slug":"why-financial-institutions-are-losing-the-talent-war-for-developers","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/why-financial-institutions-are-losing-the-talent-war-for-developers\/","title":{"rendered":"Why financial institutions are losing the talent war for developers"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A global survey of 1,000 bank and financial firm executives found that the biggest concern for many financial institutions is access to skilled developers. In fact, 97% of respondents said the higher developers was a priority for them, with 72% seeing developers as directly impacting sales efforts. This leads to the question: why are financial institutions lagging behind in attracting skilled developers? The answer to this question seems to be within the financial institutions themselves as the survey suggests that financial institutions aren\u2019t innovative enough to attract top developer talent. Moreover, many feel that developers are largely considered as \u201csecond-class citizens\u201d within the banking world, despite \u201cdigital\u201d being a priority. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To overcome this, financial institutions must truly give a high priority to developers by developing hiring and talent development plans for them. As part of this, they must work to ensure an innovative and attractive work environment that provides challenges that appeal to developers. This can be accomplished by pushing boundaries and ensuring that financial institutions are progressing in line with the same (or similar) global trends that the tech community is. But to really get ahead, financial institutions need a radical makeover in their fundamental approach by stopping to think of themselves as a financial institution and starting to think of themselves as a tech company with a banking license.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12669 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Podcast: is COVID-19 the catalyst for banking digital transformations?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/podcast-is-covid-19-the-catalyst-for-banking-digital-transformations\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/07\/Is-COVID-The-Catalyst-For-Banking-Digital-Transformations-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15109\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15109'>\n\t\t\t\tPodcast: is COVID-19 the catalyst for banking digital transformations?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How the sharing economy is changing life as we know it'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-the-sharing-economy-is-changing-life-as-we-know-it\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/crop-agent-giving-keys-to-man_23-2147694416-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10552\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10552'>\n\t\t\t\tHow the sharing economy is changing life as we know it\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='CIS Conference: Sales and cost efficiency growth, 21\u201322 September, Kyiv'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/cis-conference-sales-and-cost-efficiency-growth-21-22-september-kyiv\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/CIS-Conference-Sales-and-cost-efficiency-growth-21-22-September-Kyiv-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7063\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/CIS-Conference-Sales-and-cost-efficiency-growth-21-22-September-Kyiv-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/CIS-Conference-Sales-and-cost-efficiency-growth-21-22-September-Kyiv-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7063'>\n\t\t\t\tCIS Conference: Sales and cost efficiency growth, 21\u201322 September, Kyiv\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A global survey of 1,000 bank and financial firm executives found that the biggest concern for many financial institutions is access to skilled developers. In fact, 97% of respondents said the higher developers was a priority for them, with 72% seeing developers as directly impacting sales efforts. This leads to the question: why are financial &hellip;<\/p>\n","protected":false},"author":5,"featured_media":12698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[49,193],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12669"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12669"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12669\/revisions"}],"predecessor-version":[{"id":12670,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12669\/revisions\/12670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/12698"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}