Boston companies can partner with public universities to create fintech skills pipeline
Read this op-ed in the Boston Business Journal. Financial technology, or fintech, encompasses a variety of new technologies, including algorithmic asset management, thematic investing, and cryptocurrency, which are set to have a significant impact on the 200,000 workers in the Massachusetts finance and insurance industries. Last year, The Boston Business Journal reported that finance and manufacturing were the only two industries in Boston that experienced declining headcounts—finance due in part to more automated fintech processes. Opimas, a consulting firm, indicates that 90,000 asset manager jobs will be automated by 2025, potentially spelling bad news for many asset management professionals in Boston’s own Financial District. This and other alarming statistics, such as projected 60 percent declines in profits for companies that fail to […]