Israeli FinTech Heating Up

FinTech programming, management & business positions are visible at many sites

    FinTech programming, management & business positions are visible at many sites

Israeli start-up scene is morphing into a world of specialized sub-sectors. FinTech, Cyber Security, Mobile Applications and Cloud Technology are fast growth areas. Out of all the technology specialties, FinTech is once again heating up. Up to a year ago, there were BitCoin start-ups getting attention and funding. But seems like the market has not moved to where BitCoin entrepreneurs had hoped. The Blockchain technology may be the one remaining benefit from a wave of investments in dozens of start-ups. Today the FinTech wave is much different from two years ago. Not only start-ups are searching for developers with financial product background. Large global behemoths like City Group and AIG are also on the hunt. The same goes for financial services from publications (Forex Magnates, Seeking Alpha, Wall Street Journal) to insurance, trading and hedge funds. Simply put, Tel Aviv has joined the global chase to invigorate and innovate in the financial sector.For Israeli hi-tec this is great news. Today’s start-up investing waves move in quick succession. Every year there is a hot sector (or technology). Then comes a few years of development an marketing. This means a need for innovation on a constant basis. FinTech start-ups are focusing on algorithmic trading, security, regulation and commercial adoption products. All these in terms of technology fit well with most available technology resources (people,management). Where skills are missing training companies like the Israeli Financial Engineering Association (IFEA) offer technologists and business managers specific domain skills. Moving forward in the world of hi-tec innovation is one of Israel’s vital advantage. Keep your eyes open to FinTech announcements as today’s start-ups start delivering new products.

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