The Rise of FinTech Project Management

February 03 , 2021

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Project management has gained more relevance in the financial industry in recent times. As technology is quickly taking over financial activities, most companies seek strategies to optimize their operations and maximize their output. 

Many financial service companies now invest more time and effort into project management as a way of boosting overall business performance. Nearly every promising company project depends on financial support, which is one of the most delicate aspects of every business. As a business owner, having a shaky project management system puts your company's financial health at a big risk. 

Just one wrong decision in a mega project can send your whole setup crashing. As such, it is vital that your FinTech company gets their project management into the right hands.

Impact of Project Managers on the FinTech industry

It is easy to assume that FinTech is just about employing technology in rendering financial services. However, FinTech companies rely on a myriad of roles to bring technology to life. Enter project management. 

Beyond the seamless implementation of financial transactions and services, project managers bring many other benefits to the table. Let us consider some of them.

Leadership and workflow

Because of the delicate nature of finance-related activities, FinTech companies function better when they have a good administrative structure. Common issues associated with budget, such as misappropriation of funds and lack of accountability, can be avoided with project management leadership. The establishment of a proper workflow ensures that every activity can be tracked and accounted for.

Planning

There's arguably little or nothing you can achieve without planning. FinTech project managers help their organizations to properly analyze and predict for the best possible output. In addition, project management helps maximize routines and activities within a financial technology company for improved productivity and efficiency.

Flexibility

The requirements of one organizational  venture might differ from another in various ways. When you have a good project manager, you can rest assured that strategies are flexible enough to ensure that each project's unique demands are met.

Customer relationship

Of course, the strength of a FinTech company is not just in how good their services are. Retaining satisfied customers and converting them into brand evangelists is paramount. Good project managers help develop strategies for healthy customer relationships while enhancing business stability and customer loyalty in the process.

Qualities of a good FinTech Project Manager 

It is not an easy task to manage projects, especially when the project involves people and financial services. It becomes more critical considering that most financial activities are now carried out remotely due to the economic effects of the global pandemic. 

Here are some qualities you should look for in a project manager before you entrust them with your FinTech project.

Good communication skills

Effective project management requires that the common goal of the project be well understood by everyone involved. Especially in a remote work setting where there are not many physical meetings, the manager's ability to communicate and coordinate matters a lot.

Technical intelligence

The ability of a project manager to maximize available technologies is key. From communication to the execution of tasks, a manager should be conversant with state-of-the-art technology to facilitate smarter and more effective work. 

Goal-driven

Many of the participants in a project depend on the leader for motivation and inspiration. A FinTech project manager should be able to focus on a purpose and motivate others to give their best under minimal supervision.

Competence

Every project is at the mercy of the decisions and effectiveness of the leader. A FinTech company will suffer a great deal if the project manager lacks the competence to spearhead the work.

The need for project managers is clear

Every organization needs effective project management to succeed. As the world navigates the complexities of a global pandemic, project managers continue to make a major impact across all industries. As the finance industry embraces better technologies, it can only yield much better results if it is combined with effective project management.

Are you ready to make an impact? Amount is hiring for roles across the entire business. Join our team as we empower the future of modern banking.

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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The Rise of FinTech Project Management

Posted by Amount on February 03 , 2021
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The Rise of FinTech Project Management

Project management has gained more relevance in the financial industry in recent times. As technology is quickly taking over financial activities, most companies seek strategies to optimize their operations and maximize their output. 

Many financial service companies now invest more time and effort into project management as a way of boosting overall business performance. Nearly every promising company project depends on financial support, which is one of the most delicate aspects of every business. As a business owner, having a shaky project management system puts your company's financial health at a big risk. 

Just one wrong decision in a mega project can send your whole setup crashing. As such, it is vital that your FinTech company gets their project management into the right hands.

Impact of Project Managers on the FinTech industry

It is easy to assume that FinTech is just about employing technology in rendering financial services. However, FinTech companies rely on a myriad of roles to bring technology to life. Enter project management. 

Beyond the seamless implementation of financial transactions and services, project managers bring many other benefits to the table. Let us consider some of them.

Leadership and workflow

Because of the delicate nature of finance-related activities, FinTech companies function better when they have a good administrative structure. Common issues associated with budget, such as misappropriation of funds and lack of accountability, can be avoided with project management leadership. The establishment of a proper workflow ensures that every activity can be tracked and accounted for.

Planning

There's arguably little or nothing you can achieve without planning. FinTech project managers help their organizations to properly analyze and predict for the best possible output. In addition, project management helps maximize routines and activities within a financial technology company for improved productivity and efficiency.

Flexibility

The requirements of one organizational  venture might differ from another in various ways. When you have a good project manager, you can rest assured that strategies are flexible enough to ensure that each project's unique demands are met.

Customer relationship

Of course, the strength of a FinTech company is not just in how good their services are. Retaining satisfied customers and converting them into brand evangelists is paramount. Good project managers help develop strategies for healthy customer relationships while enhancing business stability and customer loyalty in the process.

Qualities of a good FinTech Project Manager 

It is not an easy task to manage projects, especially when the project involves people and financial services. It becomes more critical considering that most financial activities are now carried out remotely due to the economic effects of the global pandemic. 

Here are some qualities you should look for in a project manager before you entrust them with your FinTech project.

Good communication skills

Effective project management requires that the common goal of the project be well understood by everyone involved. Especially in a remote work setting where there are not many physical meetings, the manager's ability to communicate and coordinate matters a lot.

Technical intelligence

The ability of a project manager to maximize available technologies is key. From communication to the execution of tasks, a manager should be conversant with state-of-the-art technology to facilitate smarter and more effective work. 

Goal-driven

Many of the participants in a project depend on the leader for motivation and inspiration. A FinTech project manager should be able to focus on a purpose and motivate others to give their best under minimal supervision.

Competence

Every project is at the mercy of the decisions and effectiveness of the leader. A FinTech company will suffer a great deal if the project manager lacks the competence to spearhead the work.

The need for project managers is clear

Every organization needs effective project management to succeed. As the world navigates the complexities of a global pandemic, project managers continue to make a major impact across all industries. As the finance industry embraces better technologies, it can only yield much better results if it is combined with effective project management.

Are you ready to make an impact? Amount is hiring for roles across the entire business. Join our team as we empower the future of modern banking.

VIEW JOB OPENINGS

Topics: Insight