Banks Need to Change Data Scientist Recruitment to Compete with Big Tech

Data scientists have become one of the top needed professions in banking and big tech; banks are finding it harder to compete with the likes of Google, Facebook for a number of key reasons; compensation and data structures, big tech is able to pay over a million dollars a year for premier talent and data at big tech firms is not structured like banks so they are able to work more freely; Gurjeet Singh of Ayasdi says banks can make strides by creating competitions for data scientists when they leave school and investing more in all levels of the bank to cater to talent better. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]