by Australian FinTech Jobs
29/06/2018
AI, automation and IoT driving the need for highly trained ICT professionals
In order for Australia to take the lead in digital skills and employment, the nation requires the creation of an extra 200,000 jobs, a new report has revealed.
According to the 2018 edition of the Australian Computer Society (ACS) Digital Pulse report, the country needs a further 100,000 technology jobs on top of the 100,000 roles already forecast in the next five years.
In just the last three years, 63,000 new tech roles were created, with the Australian ICT workforce growing 3.5 per cent from 640,800 workers in 2016, to 663,100 workers in 2017.
“The demand for digital skills in our economy is exploding,” ACS president, Yohan Ramasundara, said. “The growth of artificial intelligence, automation and the internet of things is driving significant disruption across all industries, and highly trained ICT professionals are in more demand than ever before.
“If we want to be competitive in the world economy, we need to invigorate the education and training sectors to increase Australia’s ICT talent pool.”
The report, which was prepared by Deloitte Access Economics, pointed out that Australia’s adoption of digital technologies has the potential to add a further $66 billion to Australia’s growth domestic product (GDP) in the next five years.
Of note to the channel, findings also showed ICT services exports increased more than 60 per cent in the past five years, reaching $3.2 billion mark in 2016-17 – further highlighting that exporting ICT services now outstripped imports by $290 million.
And during the same period, business ICT research and development has seen a 50 per cent increase to $6.6 billion.
But this is nowhere near enough, with Deloitte Access Economics partner, Kathryn Matthews, pointing out early warning signs that Australia could end up a passenger on the digital journey, with other nations in the driver’s seat, which could have flow-on impacts on productivity and living standards.
To read more, please click on the link below…
Source: https://www.arnnet.com.au/article/643051/australia-needs-200-000-more-jobs-thrive-digital-economy/
Read more
by Australian FinTech Jobs
28/06/2018
Maria Loyez, SocietyOne CMO, shares some tips for women looking to work in fintech as well as discussing some of the challenges faced by the industry. Only a quarter of fintech employees are female and the overwhelming majority of fintech companies are founded by men.
Here is her story:
There has never been a more exciting time to be working in fintech.
One of the world’s biggest growth industries, fintech is revolutionising the way we engage with so many facets of life, often resulting in better value, improved convenience and more choice. The industry has more than doubled in size since 2015, company revenue has increased by more than 200%, and the number of Australians adopting fintech has tripled.
However, the fintech industry still faces a number of challenges as it strives to become mainstream, and one of my main concerns is achieving diversity. Only a quarter of employees are female and the overwhelming majority of fintech companies are founded by men.
More and more, the corporate world is recognising the fact that homogeneity of backgrounds drives homogeneity of thinking. It is important to work with a range of people with diverse experiences and skill sets, to drive diversity of thought.
This is particularly true when it comes to fintech, which by its very nature has been successful through the collaboration of two different industries; finance and technology.
Now, I often ask myself what is holding women back from getting involved in fintech, and I believe the answer lies in educating girls and women, and also driving awareness of the vast possibilities that fintech opens up for both the finance industry and consumers.
To read more, please click on the link below:
Source: https://womenlovetech.com/maria-loyez-tips-for-women-looking-to-work-in-fintech/
Read more
by Australian FinTech Jobs
20/06/2018
‘Smart boss seeks blockchain expert’.
Digital skills have never been more in-demand, with the best developers commanding enviable six-figure salaries. Now though, according to data from LinkedIn, one sector in particular has come into bloom: blockchain.
The number of postings seeking out blockchain experts has tripled in the past year, with last week seeing more than 1,000 blockchain-related job adverts go out.That’s a rise of more than 40% each quarter.
Another block in the chain?
As we’ve previously explained (with cake), blockchain is a method of sending, tracking and recording digital tokens that’s entirely transparent.
Probably the most famous use case for blockchain is the transfer of Bitcoin – the digital currency which has recently soared in value.
It’s hardly surprising then, that a quarter of the 10,000 people to list blockchain as a skill on LinkedIn already work in the financial services sector.
“We’ve seen the number of blockchain related jobs posted on LinkedIn more than triple over the last year, it’s a niche field, but one with strong potential,” Josh Graff, LinkedIn’s UK country manager told The Memo.
“Professionals in related areas such as cryptography and machine learning may want to look at the roles available and the skills they need to develop, as there is certainly a growing demand within the technology, finance and insurance industries for blockchain expertise.”
But as thousands of blockchain-based businesses are being built, ‘financial blockchain’ is far from the be all and end all.
Beyond Bitcoin
Most people to list blockchain as a skill on LinkedIn are based in the US, followed by the UK, France, India, Germany and the Netherlands. And they’re using blockchain to streamline all sorts of sectors.
IBM – for example – has been working with Walmart to improve food logistics: using blockchain to track tainted food, means fewer people end up with sore stomachs.
Earlier this year, Donorcoin creator Rudi Kruger told The Memo how he hopes blockchain will revolutionise charity – cracking down on corruption to ensure funds reach those who need it most.
While David Martin, the co-founder of Power Ledger, is bringing blockchain into the green energy sector, making it easier for everyone to benefit from solar power.
“Is there a talent bubble? Yes. We haven’t even seen it yet,” Jerry Cuomo, IBM’s vice-president of blockchain technologies recently told the FT.
“There is an entirely new way for businesses to interact — it is awesome and as this takes root it will be revolutionary.”
Blockchain jobs are on the up, and this is just the beginning.
Kitty Knowles is a Senior Features Writer at The Memo. Words previously @BritishGQ, @IndyOnSunday, @TimeOutLondon & more. She can be found tweeting @KittyGKnowles.
Read more
by Australian FinTech Jobs
25/07/2017
The New South Wales government is providing $35 million towards a massive startup hub spanning 11 floors in downtown Sydney. The Sydney Startup Hub will cover 17,000 square metres — roughly the size of the Sydney Cricket Ground — in 11-31 York Street. Here are the details.
The facility has already secured existing startup co-working providers Stone and Chalk, Fishburners, Tank Stream Labs and The Studio as anchor tenants to instantly create an epicentre of local tech activity.
“More than 40% of the nation’s startups are in NSW already and with the addition of this hub and the White Bay precinct we want to see that figure grow,” said NSW premier Gladys Berejiklian.
She added the $35 million the government was contributing through its Jobs For NSW programme was an “unprecedented investment” and “first of its kind” in the southern hemisphere, creating up to 6,500 new jobs.
The facility, located across the street from Wynyard Park, is scheduled to open November this year.
NSW deputy premier and small business minister John Barilaro said that in addition to 2,500 local startups, the hub will welcome entrepreneurs from regional areas through landing pads and community events facilities.
“The Sydney Startup Hub will support businesses, turbocharge the startup ecosystem, and drive job creation across the state,” he said.
Fintech hub Stone & Chalk, currently home to organisations like FinTech Australia, H2 Ventures and Reinventure on Bridge St, will take up two floors at the new York St facility to host up to 600 businesses over 4,252 square metres.
Source: https://www.lifehacker.com.au/2017/07/sydney-is-getting-a-35-million-startup-hub/
Read more
by Australian FinTech Jobs
25/07/2017
The Government has used its Investment Attraction Agency’s funds to entice a fintech company, Tic: Toc, backed by Bendigo Adelaide Bank, to create new jobs and relocate staff to Adelaide to support what the company claims is the world’s first complete online home loan platform.
The platform promises customers home loan approval in 22 minutes, rather than weeks.
Investment and Trade Minister Martin Hamilton-Smith said the Investment Attraction Agency’s economic investment fund had offered the venture a $900,000 grant, without which the jobs and investment might have gone interstate.
Source: http://indaily.com.au/news/2017/07/11/200-jobs-for-sa-in-online-home-loan-launch/
Read more
