Forget everything that you thought you knew about working in a big bank’s Technology Group. The financial world has changed and FinTech is driving the way they do business!
The traditional banking model is undergoing massive change. Banking clients expect more from their banks than ever before so getting the right technology in place is more critical now than ever. Being ahead of the game in technologies including AI, mobile apps, data analytics and cloud computing is a huge differentiator for banks and is essential in gaining an edge over their competitors.
In the past, banks followed and implemented the latest technologies as they were released. Now, Canadian banks are actively involved in building the latest technologies. Rather than sitting on the sidelines and waiting, they’re putting themselves at the forefront of change by getting involved with technology labs like Communitech, MaRS Discover District, OneEleven and DMZ. Several banks have also launched digital factories and innovation labs of their own to help cultivate ideas that address clients’ needs, as well as streamline processing all with a focus on technology.
Eagle works with all of Canada’s top banks and in the past year, we have seen a massive influx of both contract and permanent opportunities with their technology groups. The focus has changed from merely acquiring the latest technology to leading technology innovations. Banks offer ambitious techies the opportunity to lead the way with new developments in AI and blockchain, and be part of creating new software.
For instance, many banks are employing an increasing number of data scientist and data engineers. The engineers and developers work in an active DevOps environment where code can be deployed in months… and sometimes even weeks. The technology world, in large part due to FinTech, has changed and the Banks are evolving with it. Teams are agile and work in cross functional groups. The technology environment within today’s banks resembles the environments traditionally associated with Silicon Valley companies such as Google.
There are great career opportunities at all of Canada’s major banks. Many offer hard core technology resources the chance to be part of a culture shift and take their career to the next level, while being supported by institutions with long histories and sound financial backing.
Exciting times are ahead within the technology groups in all of Canada’s major banks. When you consider your next job move, take a fresh a look at this exciting industry. You may find your own little part of Silicon Valley on Bay Street.