A financial platform developer is a specialist who, using IT technologies, creates online services related to financial transactions and payments. These can be platforms for banking services, for trading securities, and for managing various financial instruments - loans, insurance, leasing. Most importantly, such platforms and functionality should be available to private clients and companies from anywhere in the world.
How did this profession come about?
Since the beginning of the 2010s, more and more financial transactions can be carried out using online services. Have you noticed that in big cities and in small settlements, and even in towns and villages, cash is practically not used? All were replaced by convenient and lightweight plastic cards. To take out a loan or pay for utility bills, you no longer need to go to the bank. And the traders on the stock exchange (stock traders) waving their hands in front of a small screen remained only in old Hollywood films - now everyone is sitting at their computers, and even more often holding a smartphone in their hands, with which one can invest and make profit anywhere in the world.
As you perfectly understand, without IT specialists such services simply would not have come into being. As a rule, a financial platform is a large site with complex functionality. After all, such a service should solve many problems at once. This is the user's account (personal account), this is the protection of his personal data, these are various tools with which you can make transactions and payments on this platform.
What products can such a specialist develop?
Banking services for individuals
Such services are also called platforms for remote identification. One of the main tasks for a developer here is to create a system that effectively authenticates the identity of a person who decided to register on such a site. The main goal of such platforms is to increase the availability of financial services for the widest range of consumers. Including for people with disabilities, the elderly and people with limited mobility. The capabilities of these platforms can be very broad - opening deposits and accounts in different banks, providing loans, money transfers and much more.
Fast payment platforms
Convenient instant non-cash payments have become almost commonplace. Developers and financial engineers work primarily to improve such systems. How to make such services faster? How can you make their services cheaper? How to make them work in 365/24/7 mode? But the main problem, as always, is safety and reliability. Therefore, the most promising today is the development of such platforms at the state level. When the central banks of countries create a product that will one hundred percent protect all user transactions from hacking and fraud. The identity of the user will be established through various channels using a mobile phone number as well as a QR code. Tariffs and rules will be transparent and fair. Something like the "Gosuslugi" service, but in the financial sector.
Marketplace platforms for financial services and products
Marketplace - today this term refers to an electronic platform where you can sell and purchase any services online. In the financial industry, this is a platform where users can buy stocks, mutual investments, bonds, foreign currencies, like food in a supermarket! The main task of the developer, in addition to security, is to make the platform so that anyone can use it, even a person who is poorly versed in investments. Student, pensioner, housewife, it doesn't matter. Beginners will be helped by robotic advisors (robo-advising) or chat bots, or real online consultants.
