Summary of Pick the ideal Tech Stack for your FinTech | SCALER

This is an AI generated summary. There may be inaccuracies.
Summarize another video · Purchase summarize.tech Premium

00:00:00 - 01:00:00

The video discusses the importance of having a complete tech stack for a FinTech company, which includes a back-end, front end, and intelligence layer. The author recommends that developers stay up-to-date with technology trends in order to stay competitive.

  • 00:00:00 This YouTube video introduces two individuals who are involved in the fintech industry. Mehrun (with more than 30 years of experience in software engineering) is the VP of engineering at UB, while Devraj (with 20 plus years of experience in software engineering) is a VP of engineering at UB. Mehrun explains that UB is a marketplace that enables Enterprise loans, while Devraj explains that UB is also moving into other areas, such as goal ending and securitization. Both individuals offer brief explanations of what UB does and how it is evolving.
  • 00:05:00 The speaker explains that, in order to be successful in the FinTech industry, it is important to have a sound, reliable technology stack. He goes on to say that, in addition to security and compliance concerns, banks also need to be consistent with their business processes in order to keep up with changes in the market. Finally, the speaker recommends that, when selecting a technology for a FinTech company, it is important to consider both the science of the technology and the company's compliance needs.
  • 00:10:00 The video discusses the three main factors to consider when choosing a tech stack for a FinTech company: data center, compliance, and interoperability. It states that Java is a technology that has been around for a long time, is easy to find developers who are familiar with it, and has a large community of support.
  • 00:15:00 The speaker discusses the importance of understanding customer needs when designing technology, and points out that this is especially important in the field of financial technology. They also mention that there is an excellent culture at their company in which engineers are constantly interacting with customers.
  • 00:20:00 The video discusses the importance of listening to customer feedback and explains how SCALER's product design and engineering teams work together to create customer-centric solutions. SCALER's low code integration capabilities make it quick and easy for the company to integrate with a variety of customer systems.
  • 00:25:00 The author of the video discusses the importance of having a tech stack that is tailored to the specific needs of a FinTech company. He points out that, in order to be successful, a company must have a strong data science team that can help identify reliable customers and assess the risks associated with lending. Furthermore, domain expertise is essential for engineers who work on fintech projects, as they need to be well-versed in finance and economics.
  • 00:30:00 The video discusses the importance of having a good engineering skillset when working in the FinTech industry, and goes on to list a few other key traits that are important for success. It is important to enjoy what you do, to be passionate about your work, and to be able to constantly learn new things.
  • 00:35:00 In this video, SCALER founder and CEO, Satish Dharmarajan, discusses the importance of having a well-rounded tech stack for FinTech. He notes that, while specific skills are required for certain roles in FinTech, it is important to have a mindset that seeks to solve bigger problems. Dharmarajan also emphasizes the importance of having the courage to pursue innovation and, ultimately, bring social change to the sector.
  • 00:40:00 The presenter discusses the different types of technology used in FinTech, including SQL and NoSQL databases, as well as columnar storage engines. They also mention that they are always open to new technologies, and that this openness allows them to stay ahead of the curve.
  • 00:45:00 The video discusses the different products and services offered by UpB, a FinTech company. The main point is that UpB makes money from the deals that happen on its marketplace, and it also collects money from loans that it loans out.
  • 00:50:00 The video discusses the importance of having a complete tech stack for a FinTech company, which includes a back-end, front end, and intelligence layer. The author recommends that developers stay up-to-date with technology trends in order to stay competitive.
  • 00:55:00 In this YouTube video, a UX/UI designer at UB discusses the advantages of working at the university, including its rapidly growing technology sector and opportunities for creativity and growth. He also mentions the freedom and opportunity to learn new technologies and create products that have a positive impact on society.

01:00:00 - 01:00:00

The speaker in this video discusses the importance of having a tech stack that is appropriate for your finTech business. She suggests that being financially aware and having skills in technology can help improve both your skills and knowledge in this field.

  • 01:00:00 The speaker discusses the importance of having a tech stack that is appropriate for your finTech business, and how being financially aware and having skills in technology can help improve both your skills and knowledge in this field. She suggests that some of her students attend a UBS red webinar to learn more about this type of company.

Copyright © 2024 Summarize, LLC. All rights reserved. · Terms of Service · Privacy Policy · As an Amazon Associate, summarize.tech earns from qualifying purchases.