Engineering in FinTech: Opportunity in Los Angeles

January 22 , 2021

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Engineering has quickly become a sought after career with expected growth of 22 percent  over the next decade. This career path is booming at a much faster rate than most, but why? Because our modern world runs on software. 

The world has rapidly digitized how customers get access to financial products and shaped their expectations of that experience. To keep up with the high expectations of each successive generation around that experience, the financial services industry needs software engineers more than ever.

Engineering in FinTech

FinTech is taking the world by storm as we pave our path into a digital future. Looking at the inevitable growth of both engineering careers and the broader FinTech space, engineering in FinTech presents an incredible opportunity for engineers who are interested in growing their careers, and doing it fast.

Why FinTech is your next move

Big Tech or FinTech? If this question has crossed your mind while scoping out your next career move, here are a few reasons to consider FinTech:

FinTech is on the rise

Tech is booming, but FinTechs are here to stay. With financial technology transforming the way we live, there’s no doubt that FinTech unicorns will continue to establish market share in tech hubs across the world. One of these burgeoning FinTech hubs is Los Angeles, California. With nearly 13 million residents, the Los Angeles metro area has become a destination for many engineers seeking a future in technology. This is exactly why Amount is growing in The City of Angels.

LA Business Times states that industry insiders, from venture capital leaders to company founders, say Los Angeles has most of the ingredients needed to evolve into a global FinTech hub. It’s a perfect time to pursue FinTech opportunities in the Golden State. 

Enter Amount.

Built by digital lending industry veterans, Amount helps partners go digital in months—not years. Amount empowers multi-product omnichannel retail banking experiences and a robust point-of-sale financing suite underpinned by core platform features including fraud prevention, verification, decisioning engines and account management.

Professional development and career growth

Joining a growing startup generally presents more opportunities for growth and development. 

Startups, particularly FinTechs, are interested in bringing in top tier talent, and they won’t sit on it when they find it. Contrary to larger big tech companies where advancement opportunities are hard to come by, there are opportunities to advance in a fast-moving, high-growth FinTech environment. 

Many startups value the most modern and current tech stacks to keep the pace of development to fit their needs. Working alongside the latest technology means you spend more time developing and less time being bogged down by long review processes. Ultimately, developers that work at startups are afforded much more freedom to work on the leading technologies in the areas that interest them the most. This autonomy leads to the type of professional development most engineers are looking for. 

Amount is committed to investing in employees’ professional development by providing online, self-paced training programs along with LinkedIn Learning, giving employees access to over 8,000 courses that span across a variety of topics related to business, technology, leadership, and creativity.

2021-best-places-to-work

Introducing Amount’s Los Angeles Engineering Team

Nearly two years ago, Amount saw the potential in the Los Angeles market and the impact that could be made in that FinTech community. So, we set out to build a team that rivaled the leading technology companies in the region. What the team has accomplished to-date is nothing short of remarkable. 

How does the Los Angeles team collaborate with the Chicago team to drive success for Amount?

“Sometimes in larger companies with multiple locations, it can feel as though you’re not where the action is happening – it doesn't feel this way at Amount. Our team in LA has equal footing as the Chicago team. We have a seat at the table when it comes to designing and architecting changes to the platform. The platform we’re working on is constantly evolving, so it’s crucial for both teams to be in sync with one another when new changes are proposed. A lot of the collaboration between the teams happens over Slack, Zoom and Google Docs. After the pandemic hit and management directed us to work remotely, both LA and Chicago have managed to hone this communication even more.”

- Ariya Seng, Product Development Manager

How does Amount compare to other high-growth startups in Los Angeles? How is that reflected in the LA team?

"Every startup faces innumerable challenges. There are a lot of things a startup needs to get right in order to be successful. One of the important factors is having a culture that is conducive to learning and producing great work. Sometimes the culture at a startup can end up becoming a pressure cooker where politics get in the way of being able to make a meaningful contribution. You end up with different teams that blame each other under the pressure of looming deadlines. We’re charting a different course. 

Amount has distinguished itself by creating an atmosphere that helps engineers accomplish meaningful work. The high caliber of engineers and their disposition toward collaborating and helping each other is one of the things that makes Amount a refreshing place to work at. While the pressure to deliver remains strong at Amount just as at any other startup, the difference is in the prevailing attitude of 'we’re all in this together' and you feel it in the way people treat each other."

- Michael Zarnitsa, Director of Product Development

What does leadership do to empower each team member?

“Amount does a lot to ensure that employees have a big say with what they want to do and where they want to go in their career trajectory. Leadership is constantly there for open communication from anyone and anywhere in the company. That's a unique flat structure that is far from the traditional top-down hierarchy. With this, employees are able to communicate and help decide where the company goes. Anything that employees want to push for is always open for discussion, because Amount wants anything employees are working on to be something they're invested in. It's a refreshing change of pace for a company to truly be there to listen to their employees.”

- Memphis Wong, Software Engineer

What are some accomplishments that the LA team has achieved in less than two years of existence?

“In less than two years, the Amount LA team has managed to grow to ten engineers. The biggest accomplishment we’ve made so far is launching a financial partner. Launching a partner is no small feat––we’re talking about providing a white-glove service for that partner where we create an online loan originations portal, codify their products and lending rules, and add custom features based on their individual requirements. We did a lot of prep work that enabled us to learn the various components of the platform and complete the project on time. In fact, we managed to do the work as a single end-to-end team in less time and with more complex features than past partners. 

- Daniel Dyba, Software Engineer

Ready to explore opportunities in FinTech? Look no further than Amount. VIEW JOB OPENINGS

Footnotes

The information in this post is provided for informational and advertising purposes only. Amount's service may vary for each customer. For more information, email us – media@amount.com.

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Liz Caan

Passionate about FinTech and innovation, Liz Caan focuses on technical talent acquisition at Amount. With a background in tech recruitment, Liz identifies top tier talent to build and maintain the Amount Platform. When she is not networking, you can find her laughing, reading or experimenting in the kitchen.

Engineering in FinTech: Opportunity in Los Angeles

Posted by Liz Caan on January 22 , 2021
Liz Caan

Engineering in FinTech: Opportunity in Los Angeles

Engineering has quickly become a sought after career with expected growth of 22 percent  over the next decade. This career path is booming at a much faster rate than most, but why? Because our modern world runs on software.

The world has rapidly digitized how customers get access to financial products and shaped their expectations of that experience. To keep up with the high expectations of each successive generation around that experience, the financial services industry needs software engineers more than ever.

Engineering in FinTech

FinTech is taking the world by storm as we pave our path into a digital future. Looking at the inevitable growth of both engineering careers and the broader FinTech space, engineering in FinTech presents an incredible opportunity for engineers who are interested in growing their careers, and doing it fast.

Why FinTech is your next move

Big Tech or FinTech? If this question has crossed your mind while scoping out your next career move, here are a few reasons to consider FinTech:

FinTech is on the rise

Tech is booming, but FinTechs are here to stay. With financial technology transforming the way we live, there’s no doubt that FinTech unicorns will continue to establish market share in tech hubs across the world. One of these burgeoning FinTech hubs is Los Angeles, California. With nearly 13 million residents, the Los Angeles metro area has become a destination for many engineers seeking a future in technology. This is exactly why Amount is growing in The City of Angels.

LA Business Times states that industry insiders, from venture capital leaders to company founders, say Los Angeles has most of the ingredients needed to evolve into a global FinTech hub. It’s a perfect time to pursue FinTech opportunities in the Golden State.

Enter Amount.

Built by digital lending industry veterans, Amount helps partners go digital in months—not years. Amount empowers multi-product omnichannel retail banking experiences and a robust point-of-sale financing suite underpinned by core platform features including fraud prevention, verification, decisioning engines and account management.

Professional development and career growth

Joining a growing startup generally presents more opportunities for growth and development.

Startups, particularly FinTechs, are interested in bringing in top tier talent, and they won’t sit on it when they find it. Contrary to larger big tech companies where advancement opportunities are hard to come by, there are opportunities to advance in a fast-moving, high-growth FinTech environment.

Many startups value the most modern and current tech stacks to keep the pace of development to fit their needs. Working alongside the latest technology means you spend more time developing and less time being bogged down by long review processes. Ultimately, developers that work at startups are afforded much more freedom to work on the leading technologies in the areas that interest them the most. This autonomy leads to the type of professional development most engineers are looking for.

Amount is committed to investing in employees’ professional development by providing online, self-paced training programs along with LinkedIn Learning, giving employees access to over 8,000 courses that span across a variety of topics related to business, technology, leadership, and creativity.

Introducing Amount’s Los Angeles Engineering Team

Nearly two years ago, Amount saw the potential in the Los Angeles market and the impact that could be made in that FinTech community. So, we set out to build a team that rivaled the leading technology companies in the region. What the team has accomplished to-date is nothing short of remarkable.

How does the Los Angeles team collaborate with the Chicago team to drive success for Amount?

“Sometimes in larger companies with multiple locations, it can feel as though you’re not where the action is happening – it doesn't feel this way at Amount. Our team in LA has equal footing as the Chicago team. We have a seat at the table when it comes to designing and architecting changes to the platform. The platform we’re working on is constantly evolving, so it’s crucial for both teams to be in sync with one another when new changes are proposed. A lot of the collaboration between the teams happens over Slack, Zoom and Google Docs. After the pandemic hit and management directed us to work remotely, both LA and Chicago have managed to hone this communication even more”

  • Ariya Seng, Product Development Manager

How does Amount compare to other high-growth startups in Los Angeles? How is that reflected in the LA team?

Every startup faces innumerable challenges. There are a lot of things a startup needs to get right in order to be successful. One of the important factors is having a culture that is conducive to learning and producing great work. Sometimes the culture at a startup can end up becoming a pressure cooker where politics get in the way of being able to make a meaningful contribution. You end up with different teams that blame each other under the pressure of looming deadlines. We’re charting a different course.

Amount has distinguished itself by creating an atmosphere that helps engineers accomplish meaningful work. The high caliber of engineers and their disposition toward collaborating and helping each other is one of the things that makes Amount a refreshing place to work at. While the pressure to deliver remains strong at Amount just as at any other startup, the difference is in the prevailing attitude of “we’re all in this together” and you feel it in the way people treat each other.

  • Michael Zarnitsa, Senior Manager of Product Development

What does leadership do to empower each team member?

“Amount does a lot to ensure that employees have a big say with what they want to do and where they want to go in their career trajectory. Leadership is constantly there for open communication from anyone and anywhere in the company. That's a unique flat structure that is far from the traditional top-down hierarchy. With this, employees are able to communicate and help decide where the company goes. Anything that employees want to push for is always open for discussion, because Amount wants anything employees are working on to be something they're invested in. It's a refreshing change of pace for a company to truly be there to listen to their employees.”

  •  Memphis Wong, Software Engineer

What are some accomplishments that the LA team has achieved in less than two years of existence?

“In less than two years, the Amount LA team has managed to grow to ten engineers. The biggest accomplishment we’ve made so far is launching a financial partner. Launching a partner is no small feat––we’re talking about providing a white-glove service for that partner where we create an online loan originations portal, codify their products and lending rules, and add custom features based on their individual requirements. We did a lot of prep work that enabled us to learn the various components of the platform and complete the project on time. In fact, we managed to do the work as a single end-to-end team in less time and with more complex features than past partners.

  • Daniel Dyba, Software Engineer

Ready to explore opportunities in FinTech? Look no further than Amount.

Topics: Culture